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.
Nasd 100...a close today under 3897 puts in an ORL day.
3882 has to bounce pretty hard for the markets to remain firm.
GOOG...586.70 is the ORL #.
There is a lot of money long equities.
This is a game that will be played out late day with Bulls Vs. Bears to see who can get the upper hand over the next few trading sessions.
This does have the potential to see a lot of Long Equity players cash in their chips for the summer.
I'm sure I was premature with the Gold.
I'm going to use 125 as the fill price for the GLD.
I chose the GLD because I'm going to use a stop on close just below the 200 day of 124 and it's not as volatile as the futures for our private wealth guys.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
