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.
Nikkei...13,900 becomes a big longer term hold level. Closes under 13,700 are price negative.
Bottom fishers will be better served looking at the Oil patch.
CVX,XOM aren't breaking... COP has potential as long as it remains above 62.50.
Spu's...a rally into the high 50's low 60's would not be unexpected.
30 yr. Futures...133.31 is first support. 133.05 is next support. Look for the Bonds to move a point at a time.
TBT...buy stops are @ 70.45 with 70.80 being resistance.
AAPL...I'm looking for this to go back to just over 520
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