February 20, 2015 - MDT - The Late Show

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 path of least resistance is up the later in the day it gets.

JPM & C are attempting ORH days.

GS...is attempting an ORH day. A close over 190.20 would confirm the pattern.

KBE... breaks out with a close over 33.

EFA & DAX are leading with EFA putting in an ORH day trading @ it's 200 DMA of 64.97.

Deutsche Bank...33.78 is the 200 DMA. The first wave count is to app 34.35

NVS...looks good against today's low, looking for 107.

ICPT...has been knocking on the 200 DMA for the past 2 days.

This breaks out over 220 close

MMM...is attempting an ORH day with a close over 167.55?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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