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.
SSO...I'm looking for this to trade up to 114.50 for a start.
Closing over 115.50 is very Bullish.
Spu's...a close in the all session mini's (EPU) over 1925.75 puts in an ORH day off a very oversold market.
Look for follow through to 1938 for a start.
IWM...has been putting in higher lows for the past 5 trading days, a Bullish indicator
In currency land the Rouble is putting in an ORL day (Low in Rouble!)
USD/MXN is putting in the same pattern.
This is a Risk on Indicator!
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
