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.
Nasd 100 Futures need to show weakness below 4430 to think Biotech is going to give it up before qtr. end.
IBB & BIB, MDVN,CELG can be bought with tight stops below today’s low.
GOOGL…after pushing the trade because I was bored with it, it’s now setting up to challenge the 590 level.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.