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.
QQQ & Nasd 100 are both attempting ORH days.
Nikkei (U) Sept Futures are poised to test weekly resistance and a possible upside breakout with a close over 15,300.
A close over 15,500 will signal another bull leg up.
?IWM??...needs to maintain above 117.50 close for a test of the previous high @ 120??.
GS??...Goldman is putting in an ORH week with a Friday close over? 167.26?. Any break into the 166 level should be bought with a tight stop.
JPM...is the lower risk buy vs. GS
BAC... is presently breaking out above it's 200 DMA?. This is the lowest risk buy of the financials I've had the time to review?.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.