ile 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.
Yellen remains exceedingly dovish.
The train is going full speed into the close helped by the blow off in the dollar, in particular against the Pound, Canada & Kiwi.
As far as sectors go the IYT will have the best looking chart pattern.
In the energy sector, OIL and the associated ETF's as well as many of the names from NOV, SLB & XOM are putting in ORH days.
Many names have already gone from support to resistance in 2 hours.
There is nothing I feel the need to chase.
I'll take a fresh look in the A.M.
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For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
