December 3, 2013 – MDT – OXY & OIL

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.

OXY…just put in a daily double bottom @ 94.08.

This is a good spot to get into this name with a 93.30 stop.

Oil…WTI…95.55-63 is the next intra day level with buy stops above.

For Glossary of terms and abbreviations click here.