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.
EWA,EWW,EPI are attempting upside break outs.
FDX,BRKA, DOW & MLM are three names that look particularly good.
BLK...looks to have put in a trad able low yesterday @ 295.
BHP...today's low is the risk for any new longs. A close over 70.60 should lead to a test of 72
Euro...has a potential double top @ 139.50. I haven't sold it because I'm not convinced you'll see that much of a reaction off the level.
Having said that, Euro Bears should not risk more than 139.75 close.
Euro is basically mid range for the past 10 years @ 139.50 ish.
It's not a small level.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
