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.
Spu/Bonds are attempting an ORH pattern.
This is good for the Banks. WFC, C & KBE are attempting the same pattern.
March 30 yr. Bonds should have trouble getting much below 145.25.
The entire world sems to think tey're getting ready for spring break with PCLN,TRIP, & EXPE all on a tear from the opening range.
INTC is leading SOXX attempting an ORH day. Price action over 34 should not be faded.
PCYC...in Pharma is attempting an ORH day. The wave counts show there is potential for a move to 290 as long as this remains higher on the month.
We'll look at the patterns later in the day for a possible, but for now the banks and the associated ETF's are the conservative trades.
Dollar Index
DXH5...higher U.S. yields are good for the Dollar Index
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
