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.
I'm out of step and out of dimes.
The matches in the Yen, OIL & Euro highs coupled with the Lows in most of the big financials at their respective 200 DMA's makes me think we've seen the lows.
IBB...held it's 50 DMA early. This will be key for the market to find footing.
Time will tell.
The track will be sloppy and wet the rest of the day.
Time frame trading the rest of the day.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.