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...after failing @ 129.25, is on it's way to 127.50.
All dollar denominated commodities will remain offered except for the meats.
USD/JPY...107.25 (93.20's Futures) is the level you want to buy dollars and sell Yen, if and when it ever gets back there.
GOOGl...a close over 603.50 puts in an ORH week.
CELG...a close over 94.26 puts in an ORH week. As long as this holds 92.25 close on any break, I'm looking for much higher prices.
GILD...a close over 108.49 puts in an ORH week. As long as this holds 102.40 close on any break, I'm looking for higher prices.
?GS...is seeing some profit taking. Only a close below 185??.50 ( today's ORL #) would lead to a deeper correction?.?
?Treat every instrument as an island unto itself?.?
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.