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.
UVXY...resting buy stops are over 42.20.? A running of these stops would lead the VIX to test 15.16 it's 200 DMA.
MVV...Midcap is coming into support, which runs into 80.45.
Russell & Spu's are more vulnerable.
Spu's... should bounce off 2090 the first time down. Expect weakness to prevail going into London's close.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
