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.
They've tried the Equity Indices both ways and have pretty much run out all the short term money.
The Equity Indices will be a game that is played out mid-week to see who wins, Bulls or Bears.
All long Dollar trades are being unwound. I'm going to give the Euro into tonight to stop rallying or I'm checking out of the remainder of the trade.
Looks like I stayed a day too long.
Gold needs over 1215 on the long term Point & Figure to test 1241.
1179 remain where the unelected macro sell stops are.
FB...puts in an ORH day with a close over 78.10. This is a price positive formation.
JJG...is firm with a close over 33.90.
Follow the Beans!!
CAT & DE are both trying to bottom with the grains.
OXY...is trading at it's 200 DMA resistance.
Not every trade is the same. Do your homework and refer to their specific technical's.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
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