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.
GBP/JPY...resting sell stops are @ 181.50. Electing those stops could lead to 179.00
There is plenty to roil the market this A.M. in Europe including more fighting in the Ukraine.
EFA...price action under 62.60 will elicit more selling of Europe going into London's close.
GOOGL...is headed for 549.75 mvg avg support. Sustained price action below will lead to a test of 540, which is the low risk buy level.
Again, the afternoon U.S. Only session can be very different than the morning.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.