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.
BMRN...reports earnings on Thursday. This is attempting an ORH day with a close over 123.13. It's gone sideways for a month. This has the potential to rally right into earnings.
WLK...is a long with a 76.85 stop.
WFT...as long as Weatherford holds above 13.95 close, look for a test of the 200 DMA @ 15.90
Canadian Dollar...is attempting a Bullish OR pattern. As long as Oil prices remain relatively range bound to higher the Canadian energy names and the Loonie should do well.
NKDM5 ( Nikkei Futures)...a close today over 20,180 puts in an ORH day.
TSLA...looks good on the shorter time frames even after a 25% rally. It will take closes over monthly resistance at 240 +- a couple?for a move toward 300.
Profit taking in Biotech lead to me take the money in the QLD.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.