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.
ORH patterns abound
Nasd 100, QQQ, IBB,NFLX,GDXJ,MSFT,AAPL, IWM,KBE,XLF,XLK,X.
I'd expect most of these patterns to play out going into the close. I doubt anyone will try and be a hero and sell late.
I want to see how the indices hold in the A.M. now that we're back to unchanged on the qtr again.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.