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 qtrly Equity Index charts are pretty ugly.
I'm looking for 1875 +- a few in the Spu's & 3800 Nasd 100.
Closes over 1954 in the Spu is the only thing that will negate the targets.
USD/JPY....is trying to bottom for a bounce with a Risk off board. I'd need to see USD/JPY stay under 109 ( over 91.75 Futures) for follow through.
Not that it can't do it, it's just not happening yet with EUR/JPY trading just above it's 50 DMA @ 137.72.
My advice is not to create a trade until it shows itself. Investors still want to be in the Greenback.
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