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.
NEM...Looks bombed out. This can be bought against today’s low. looking for a bounce to just over 23.50.
The April 4 Calls are worth a go.
IBB…seems to be holding for a bounce.
EWW & EWZ …were bid out of the box. This is keeping a firm tone to CAT.?
New longs should not risk more than today’s low in CAT.
XOM...needs above 95.25 close for higher.
NFLX...is trying to bottom. Sustaining over 377.45 puts in a tradable low.
GOOG…completed a wave 4 down on today’s low. It can rally to 1157 and reject.
For Glossary of terms and abbreviations click here.