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.
Look for a bid to the Dollar the rest of the day, it's the easiest trade to push.
21.50 VIX came very close to matching up with the 200 DMA in the Spu's.
Hence the bounce in the Spu's.
That's a pretty good capitulation low for the day coming just before London's close.
You're going to get big bounces off of every level I've highlighted.
Price action should remain violent the rest of the day.
Time Frame trading the rest of the day.
I'm headed to the airport for a meeting in NYC.
Traders who wish to leave your order working in the Spu's need to know that I won't be watching to hold your hand if there is indeed a late date swan dive.?
Cancel this order!!!!!?
Today's Working Orders
BUY?4 EPZ4 @ 1876
We'll revisit it Monday.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.