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.
GOOGL is one of the best looking names on the board. Sustaining over 544 would lead to a retest of the 50 DMA @ 554.
The whole board is a Time Frame Lemming effect trade.
The Russell does not act well, and needs to get off the mat.
Price action under 109 in the IWM is negative.
VIX...price action over 13.00 is needed for another bout of Risk Off.
If that happens the protective stops in the currency trades will likely be elected.
Soybeans...put in an ORH day and has followed through to the upside. A good close over 15 is needed for more upside.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.