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.
EURO...114.46 is resistance and the upside momentum #
GBP/USD...needs over 152.50 resistance to extend.
X...U.S. Steel 21.56 is the closing upside momentum #.
Gundlach has made positive comments on the Gold & Oil.
Look for a resumption of Short Euro/Long Gold from these areas later in the day.
ZIOP...after a 2 day 20% rally we took a 1/3 of the position off to pay for the trade today garnering just under a 1 day 10% winner.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.