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.
IBB...335 is mvg avg support. A close below this level will be needed for active profit taking in Biopharma.
Spu's...U.S. indices smell like 3 day old dead fish. I would not be in any hury to buy anything. Macro sell stops are now resting @ 2033.
The index is again lower?on the year and is lower for the past 2 qtr's.
Nasd 100...4265 is a key closing level, closing below projects close to 4100.
Strong Bond futures are needed to keep the metals bid.
Gold needs sustained price action above 1200 to turn the long term P&F up.
VIX...held it's 200 DMA early, just below today's low. There is room for a move to 17.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
