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.
SIEN...July Silver is @ the 200 DMA @ 17.14
Long term point & Figure shows sustained price action over 17.50 + a few?for a longer term up.
Gold...1220 is the 200 DMA. Long Term P&F shows 1125 + is needed for an upside break out.
Just how far the rally in metals can go given the Dollar weakness remains to be seen.
GDXJ...Gains momentum over 27.05 close.
This is not a trade I'd chase mid week given the distance traveled today.?
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For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.