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.
EURO....a close below 136.15 puts in an ORL day tgting the 135.50 level.
The daily time frame is oversold, meaning anyone attempting selling in the hole has to be done with a very tight leash!
Natgas...June Natty expires tomorrow. July is front month. It's presently showing an ORH daily pattern, which is a bottoming pattern.
Upside momentum is achieved with a closes over 4.57.
Nasd 100...3708.50 is the stranded weekly close we broke from the week of March 17. A couple of closes over that level will generate new upside swing counts.
PCLN...loves a weak Euro. This was strictly an opening range trade today. Closes over 1267 will see this momentum name ripping to the upside.
Buy breaks/not rallies
Expect the markets to remain firm into London's close.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
