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.
Two Important market tells for the rest of the day.
AAPL...sustained price action and a close below 113.85 would cause the board to Risk off.
This is an ORL #, which means you always have to be wary of the price action.
Running the # and coming back up, and staying above, can screw the shorts big time.
AUD/USD...closing and maintaining below 85.90, the weekly ORL# would lead to another big drop in Aussie.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.