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.
The Yellen rally is gone, we've just tested the FOMC lows, a place the Indices have to hold.
Nasd 100...4335.75 is the next set of sell stops. The FOMC low.
Both the Nasd 100 & Spu's need to hold these last lows.
Realize vols were low yesterday and no one has bought portfolio insurance which has exaggerated this move.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.