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.
EURO...short covering didn't get high enough to hurt the hard core dollar bulls.
Trailing stops should be lowered to 106.90 for any Euro short, as this is where the point & Figure chart will turn up.
Stick with the quality names on this break.
The March Spu's will struggle into the 2060's. This is an area to not chase strength.
You've had one bot driven rally in the equities.
The rest of the day will be a time frame trade.
I will be in meetings and will not be back until the close.
AAPL & DIS both have definable risk.
UNH...stays firm above 112.70.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
