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.
UVXY...anything close to 60 is a ( take some money off the table zone for Longs). 61.45 is the first tgt level.
VXX...42.60 is the matching zone. 43.80-44 is the 1st tgt level.
We've come a long way down, with this being the lowest volume part of the day.
The low 1860's in the Spu's are not the place to press shorts.
Time frame trading the rest of the day.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
