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.
P&G is a name I like here.
OIL...54 is resistance. I doubt it will get there today.
30 Yr. Bonds...149.10 is support and the closing downside pivot. It is a must hold level for the 30.
Gold...1254 is the 200DMA. This needs to hold on a closing basis to keep the pattern friendly.
DAX...has hit my upside target this A.M. @ 11,000.
LINE....is @ 50 DMA resistance 11.74. This is a place to exit.
DAX has been leading the World equity Indices. This is the exit zone, meaning this is not a place to add risk in the U.S.
?Time Frame Trading??
For Medium Term Outlook click here.
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For Glossary of terms and abbreviations click here.