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 DAX looks to have bottomed for a bit.
HEDJ... has rejected yesterday's negative technical pattern.
This should go up and test 65.60 if it's good. Closing over 66.20 should be considered a resumption of the trend.
?Metals & Miners...?
Silver is leading by holding it's 200 DMA @ 17.12.
17.70 is today's resistance and upside momentum level.
GDXJ, FCX & BHP will be on the list of potential longs today into tomorrow with confirming price action in the Silver.
Currency traders...USD/ZAR should be monitored for a potential trade. The rally started on the ESKOM privitization.
The South African Rand should see continued?strength?if the metals rally is for real.
VIX...looks like I was at least a day early on this trade. I'm not crazy about the UVXY failing early at 9.50, last week's close.
This needs price action and a close over this level for me to stick with the trade.
CBI...pattern buy stops are @ 52.15 ( the monthly ORH #). Closes over 53.10 should lead to another 10% rally.
CBI
USD/ZAR
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