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.
VIA & ULTA look good.
TSLA...has held it’s 200 DMA. Your risk to own is a close below today’s low.
TAN…47.55 is mvg avg support (today’s low). Looking at some of the other Solar names like CSIQ, the low has a good probability of holding.
ISRG...Intuitive Surgical has tested it’s 200 DMA @ 492.50 after a 12% break. This company has big cash holding. Currently #6 with 2 BIL plus.
This is a cheap look with 492 stop on a close. (2% risk) This is a must hold level.
FDX…is attempting an ORH day with a close over 170.61. 172.13 is first resistance.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.