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.
Current Positions...
We have no current postions or working oders
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Stocks...
VIX...sustained price action over 14.55 will put pressure on the indices.
Bonds...
FX...
USD/JPY...98.75 will be pivotal going forward (101.25 Dec. Futures)
GBP/USD...needs to maintain above 159.60 for more upside.
AUD/USD...92.75-85 is support. 94.20 is resistance.
Commodities...
Gold, Silver & Oil are temporarily sold out and need time to digest fro the next move which is tomorrow afternoon.
General Comments or Valuable Insight
Today is a good day to stay out of trouble.
Less is more.
?
Short Term View...
Trade instruments off their own technical s
Time Frame Trading.
Trade location will be imperative this week
Trade idea of the day...
For Glossary of terms and abbreviations click here.