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.
The high frequency boys had the data a full minute before the rest of the world. So what else is new?
A tradable low seems to have been put in the Equity Indices.
Spu's... sustaining and closing above 1748-50 is needed for confirmation of a low. 1743 is the current hold level for the Spu.
SSO...91.20 has to hold to remain firm.
The uptick in rates has the banking index "BKX" receiving positive flows.
BUY a 50% position in the SSO @ the market with a stop below today's low.
Current market is app 91.60. ?The protective stop is 91.15 intra day.
I think it's worth leading off on this trade to take a small nibble risking??the .5%?.
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