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.
465 in AAPL is major long term support and the closing downside pivot.
It’s trading down 4% into a great buy zone.
This should be your focus today. AAPL will run the board.
Anything in the 460’s would be a low risk buy.
Use the opening range…
An initial move out of the opening range to the downside into the buy zone would be a place to nibble.
A wiggle back above the opening range would then give you a # to trade against on the downside.
Today into tomorrow is the right time of the week for a low to be put in if it indeed it is going back up.
We won’t be in front of the screen for the opening, but we do want to try a long down here.
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