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.
Catching up.
SPU's...bottomed @ the 200 DMA yesterday. A close tomorrow over the 50 DMA @ 12041 (126.50 SSO) is needed to confirm a low.
OIL...just hit it's initial upside tgt @ 54.00
EURO...any price action over 115.10 is too far the first time up without some retrace.
XLF...is trying to break out to the upside. Follow the 30 yr. Bonds.
the 30 yr. needs to stay under 149.10 for lower.
Grains...Soybeans,Corn & Wheat have all just hit momentum resistance going into the CME close.
Don't chase!!!!
Most instruments are trading at exit zones/not entry levels.
More price action is needed for a sustained rally.?
?DE
Spu's?
30 Yr. Bonds?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
