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.
We're not getting any love from this position.
The only thing that has me wanting to keep this is the major puke in all the momentum stocks.
VIX...22 is next resistance and tgt. Above that you're looking at 28.
The Aussie is my surrogate Long. If sanity prevails in D.C. this is a? winner.
I'll let the market take me out of the trade.
Profit taking has been prolific today.
This is the greater fool theory at it's best. Nobody wants to be the last one holding the bag if the Tea Party gives us a "WTF" moment and goes for no debt extension.
Some stocks like GS (Goldman) are tempting to scoop up at the 200 day with a tight stop.
I'm sanguine about Congress and therefore would rather not loose a lot of money and wait for things to sort themselves out.
Cash looks to be a good position.
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