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.
MON...a close today over 124.80 puts in an ORH pattern.
Today's low of 123.79 is momentum support.
I have no desire to chase the Grains or the other Agri names, however this one has potential if the pattern fills out.
SOXX...is attempting an ORH day and week.
USD/CAD... is putting in an OR day. The Canadian Dollar could have bottomed.
It's looking good on the crosses.
CAD/JPY needs a confirming close over 95.50.
EWZ & India...are putting in an ORH days.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
