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.
NFLX,GS,TSLA, EPH4, Spu/Bonds are all attempting ORH days.
Today was a classic opening range trade in the Equities.
Instruments opened on their lows broke out to the upside and kept going.
Friday is month end. The swing count in the Spu's take them to close to 1950.
Nasd 100 tgt is still 3754 for the first stop.
Bonds are dead in the water, find something else to trade.
SSO...can rally another 7%.
Looking for an asset that has just started to go, focus on the AUD/USD? and the EWA .
EWW... breaks out to the upside over 62.50 close. The Peso has more room to strengthen.
EWZ...Leave Brazil alone, the Real is still a dog.
XLK...a close above 36.26 puts in an ORH daily pattern .
For Glossary of terms and abbreviations click here.
