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.
Focus on 2 places?the rest of the day.
IBB...346 ish is the 50 DMA and the top of the cloud.
price action and a close below will weigh on the Nasd 100 Future
Nasd 100...the pit ORL stops are @ 4511. The gap goes to 4495 with a close under 4489 needed for an all session ORL.
The running of the Nasd stops should allow us to get filled in the UVXY
Spu/Bonds
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
