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.
EURO...124 + a few was a good initial high.
Looking at the Dollar index the worst of the short covering rally could be over.
DAX...had a descent break and DAX/BUND spread is coming into the 200DMA support level.
The worst looks to be over.
U.S equities will rule the rest of the day.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.