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.
Bio tech is all about who gets bought out next.
ZIOP…is trading close to it’s next resistance level @ 11.40 in pre-market.
I’m looking to take some more money off the table in this today into tomorrow’s close.
AEGR, KND ACAD report after the close. None of the patterns show me anything one way or the other at this time.
MDRX…pattern looks good. 13.50 or 14 strike is reasonable.
SPLK…have to see how it trades today.
These report tomorrow before the bell…
PTCT…earnings are tomorrow before the bell and this has already ripped 36% this week on buyout expectations. It goes without me.
HZNP…above 19 it can run towards 24.
ISIS…looks positively reasonable compared to some of the other names in the space.
DXE…has just gone from the low of the monthly range to closer to the high in 2 hours, putting in an ORH pattern.
EUR/AUD…is the low volatility cross to trade.
Sell rallies /not breaks in the currencies.
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For Glossary of terms and abbreviations click here.