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.
VIX...needs above 12.30 to show anymore downside in the Equity Indices.
Equity Indices ran their daily ORL # and flushed out some weak longs.
30 yr. Bonds have been the feature for the past 2 days. They held support the first time down with a wiggle up. They are now vulnerable to another 1/2 point lower to 137.00 (M).
Nasd 100...price action and a close under 3715 is now needed to precipitate further profit taking.
SPU's...that # is 1914.25.
IWM...11126 is the 200 DMA support line, close to today's low.
This level should be monitored for stock rotation.
Buying Russell and selling Nasd & Spu's
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
