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.
IWM...120.58 is the all time high. This is a caution zone for Bulls, not a level to keep buying without some more price action.
Spu's...1968-70 is resistance and the upside closing pivot.
MSTR...breaks out of it's consolidation phase with a close over 145.
IBM...has been a big opening range trade. 187 is daily and weekly resistance.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
