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.
IBB...356 is mvg avg support. A close below this level is needed for more downside.
Copper...put in an ORH week. 2.95 is resistance and the qtrly pivot level for the past few years.
GDXJ...the Junior miners look like they can run to 26.
GOLD...lots of Bullish calls out on Gold. The Longer term Point & Figure shows 1201 as the next resistance level with a close over 1189-90
IEO...not all energy etf's look the same, however this has the best looking pattern.
The options are too thin and wide to effectively trade.
LNKD...breaks out to the upside over 266 momentum.
AMZN...the rsi's are neutral. This remains firm over 377.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.