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.
NASD 100...resting sell stops are @ 3342 the ORL#.
SPU...1735 is the ORL#
NFLX...needs to maintain above 336 close to see this as nothing more than a retest after hitting a major upside tgt @ 390.
IBM...Raise the trailing stop to 172.40 Close.
Everybody is one way and attempting to take profits at the same time.
Time Frame Trading the rest of the day!
For Glossary of terms and abbreviations click here.
