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.
Today being a Full Moon event day, the markets are not going to stay
here. I don't have a strong conviction either way at this point.
Here are a couple of clues for those of you who are day trading the minutes.
VIX...has been dancing around the 200 day mvg avg since Monday
with a gap higher today. 16.55-82 has the potential to line up with an initial sell off in the equities.
Certainly more investors have chosen the Vix as the preferred way to play a Risk Off scenario.
GOOG...needs above 876 to rally and a close below 863 to extend lower.
Spu's...keep failing to close above the 50 day (1655)...1629-30 is first support.
For Glossary of terms and abbreviations click here.