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.
Gold ...1240 the level that won't go away (The last qtrly ORL#), followed by 1265-70.
?SILVER?...17.40-80 is resistance and the exit for Longs.
Time frame trading the rest of the day.
Expect the Dollar rout to abate after London's close. ?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.