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.
BAC...by maintaining above 14.25, this is set to run higher.
IBM...over 183.80 this has another couple of dollars before any new resistance.
PBR...is trying to bottom, Sustaining and closing over 16.55 is needed for confirmation.
EWW...Mexico is trying to bottom. This needs a close over 63.11 to confirm.
Gold...1265-75 has been on our qtrly sheet as a major pivot.
There are resting macro sell stops below. This is a go or no go level.
If the sell stops get elected off this present pattern I'm looking for a test of the last low of 1180.
AAPL...closing today over 522 should lead to a retest of the recent high @ 540
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