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.
Spu's...a pit close (3:15 CDT) under 1992.70 puts in an ORL day.
Last week's all session low was 1987.50. I would need to see sustained price action under that low (ORL weekly #) to think that the world will hit the sell button.
Nasd 100...needs, minimally, under 4055 to do any damage to the pattern.
This will be a late day game to see who wins.
The oil patch names have weighed heavily on the Indices, while tech, bio-tech, transports and social media names are hanging in.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
