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.
EUR/JPY...next stop 134.14 with macro sell stops below.
Investors sold the news and the rally in U.S. Equity Indices.
For now I'd say the worst is over.?
The resting sell stops are below yesterday's lows in the Spu's & Nasd 100...2005.50 Spu....4139 Nasd 100.
EWP...put in an ORH day yesterday and is holding for now as long as it maintains price action above 33.40.
EWG...needs price recovery back over 27.70 to remain firm.
Bunds...have been running the show. 157.75 is near term momentum.
Below is positive Equity Indices.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.