While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
The banks will be a low volatility trade.
JPM,C,WFC & BAC are set up for more gains.
The risk in the IAT "Regional Bank" trade appears to be limited to about 2%.
FEYE...the technical formation is good. By holding above 35.70 we're looking for a retest of 42 and then 47.
Options traders, looking for leverage should look @ the Oct 3 40 calls that are trading around 80 cents.
We'll be looking to put this name into our portfolio later today or early tomorrow.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.