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.
Brazil & China are both struggling. India seems to have hit some pretty good resistance as well.
FXI's failure to follow through to the upside this week is disappointing.
If it's not working we're not going to own it going into the Holidays.
SELL FXI @ the market.
This is a closing trade!
Currently trading 39.57
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