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.
USD/JPY...macro stops are being elected with a potential ORL in play.
80.74 in JYAM is the level to watch.
AUD/USD...77.65 is resistance and the upside momentum #
Spu's have held the 50 DMA on today's low.
FCX & BHP are being bought again. They are a decent look against today's low.
DB...is putting in potential bottoming action. 31.65 is first retrace resistance.
The weekly pattern is a potential ORH with a Friday close above 31.
The worst looks over for the day in the Dollar.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
