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 Bill Davis, 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.
Current Positions
No current positions.
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Today's Working Orders
No working orders.
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Friday saw a pause in the markets when the VIX stopped on Thursday at 12.54.
Pre market the S & P 500 is up over 15 points.
The VIX should open lower this morning. ?
Stocks...
VIX:? Key levels are 14.06 to 14.45
Support level 12.50 to 12.89
Major level is 15.63 and 16.41.
Short term levels:? 10.94
S & P 500 Cash Index:?
Key levels are 2,125 and 2,132.80
2,117.20 and 2,109.40 should be a support level. ?
2,132.80 should act as resistance.
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Nasd 100 (QQQ): Key levels now are 112.50 and 109.38.
109.38 to 110.16 should be support.
If the QQQ can close above 110.16 today and tomorrow, the objective becomes 112.50.
TLT:? Key levels are 118.75 and 115.63.
The TLT closed above the 118.75 resistance level yesterday at 119.09.? 119.53 should act as resistance.
If the TLT can close above 119.53, it would pave the way to a move to 121.88.
118.75 should act as support.
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GLD: Key levels are 115.63 and 114.06.? The GLD is trading between these levels.?
114.45 should act as support.
XLE: Key levels are 78.13 and 75.
Key levels for the XLE are 77.34 and 75.78. I would expect a move back to test 75.
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Watch list:
Bullish Stocks: PANW,? GD, GILD, AET, DIS, NKE, SPLK, ABBV, SBUX and FEYE
Bearish Stocks: PCLN, CMI, GOOGL, WDC, SNDK and KORS
