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.
IYT...potential double top.
Midcap 400...is attempting an ORL day. I don't want to read too much into that pattern with a neutral RSI.
The broader weakness is in the Midcap and Russell.
Yes, welcome to the mid week shuffle!
The plungers are shorting against today's highs to see what they can get.
Time Frame Trading...what looks to be risk off in the A.M. tends to be a field of broken dreams later in the day when the machines rise up and run out short term players.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
