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.
CAT...the macro sell stops are @ 102 which is also Thursday's (month end)
ORL pattern hold #.
DIG & XLE look vulnerable to a bigger sell off. Dig could retest the 50 DMA @ 84.70 ( 98 in XLE).
Oil...would need to retest the 200 DMA @ 99.85 to see the aformentioned levels.
AMZN...a Thursday close under 303.80 targets 250.
It's a time frame trade. Selling in London does not necessarily equate to the same price action later day in the U.S. session.
VIX...13.60 is the 200 DMA. Price action around this level will be key to ascertaining the next move in the equity indices.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
