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.
You've a potential double top in the VIX @ 16.55 after pattern follow through from yesterday's ORH to the upside today..
SPU/Bonds @ the 50 day will be very pivotal. Price action here can prove violent. It's a tough zone to initiate new trades.
This is the war zone for the next big move. It's generally a go or no go level so pay attention to your Time Frames.
Better to let it breathe and wait for some new direction.
We bought some AAPL yesterday based off a flow trade.
We'll let the market take us out.
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