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 Midcap 400 and the Nasd 100 have broken out to the upside.
Nasd 100 support is now at the breakout level of 3625.
The Nikkei after an ORH day confirms follow through by closing over 14,450.
This should also equate to a weaker Yen.
I am looking for the breaks to hold going into month end.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.