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.
Spu's...1831.80 is today's Pit ORL#.
Closing below this level is a price negative pattern.
1820 is the first area of support.
30 yr. Bonds...this is attempting it's second reversal day in a row.
I'm not biting either way. It was a descent scalp off the 200 day mvg avg. Now it's wait and see time.
Spu/Bonds... are neutral and give me no clear picture.
VIX...held support @ 14.22 and has room to move to 16 again.
Metals should sell off into tomorrow.
For Glossary of terms and abbreviations click here.
