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.
IYT...141.15 is the 200 DMA, sustained price action over this level will give in the Indices a boost.
GOOGL... has put n a daily double bottom@ 545.
CAT... has been a leader. 95 is resistance and the closing upside pivot.
Spu's ...could easily rally to 1890.
OIH...41.59 is a major 3 year Fib retracement. (Support) All new price action under this level is needed for further weakness.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
