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.
SELL UVXY @ 10.48 !
This is a closing trade.
I'm placing a price order to take another 7% out of the trade.
This needs a close over 10.85 to confirm a bigger move up in VIX.
DAX is weakening below the 50 DMA with the U.S. indices presently not showing enough weakness.
Regardless, you want to be flat the VIX when and if the Nasd 100 can trade into the 4440's
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.