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.
Current Positions
Long IWM ?????????????????????
.......................................................................................
Today's Working Orders
Sell IWM 114.35 Stop Close
.......................................................................................
General Comments orValuable Insight
The Spu's will need price action under 1987 for any pull back. The board will be a low volume trade and will not have a Risk Off tone unless this happens.
World Bond markets remain firm which in turn will keep Equities firm in a chase for yield.
I'll be traveling the rest of the day without internet connectivity.
Opening Bell will resume tomorrow morning 8/27/14
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.