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...A close over 97.10 puts in an ORH day.
SPU...A close over 1801.75 puts in an ORH day.
Nasd 100...A close over 3488.75 puts in an ORH day.
BRKA...is putting in the same type of patten. 173,500 confirms more upside.
XLF...needs a close over 21.45 for an ORH.
MON..needs a close over 112.90 for an ORH.
DIS...double bottomed @ 69.
XBD...Broker Dealers put in a lower low and have held.
COF...A close over 72.15 puts in an ORH day.
It's going to be an afternoon affair to see how much risk everyone is willing to pile on going into the end of the week.
I don't wish to get too carried away. Last month we waited until after the unemployment release to buy the SSO for a 5% trade without the event risk.
For Glossary of terms and abbreviations click here.