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.
Gold is getting oversold short-term. 1265 will still act as support and a possible bear trap the first time down.
The metals are under pressure which is a direct result of higher equity prices. Sell rallies not breaks.
?Gold just hit 200 day mvg avg resistance? ? @ 1299.
Gold will continue to trade opposite the direction of the Equity Indices.
They tried the Nasd 100 down and it didn't get low enough.
SPU/Bonds have, so far, held closing support.
XLF... needs a close below 21.90 to break down.
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