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.
Oil...sustained price action and a close under 99.21 will lead to a first test of 98.25.
Brent...could get as low as 106.40 before bouncing. This is an exirt zone for directional players the first time down.
Buy before you sell at this area.
VIX...?It's caught between lower retraces into the 12's ( which caps ralliesIn the Equity indices) and resistance @ 14.20-40, back into it's 200 DMA, which stops the breaks in the Equity indices.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
