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 got filled exiting 1/2 our short EURO position basis 127.76 cash (127.84 Futures)
For now, I'm not looking at the Euro unless it can close over 129.00.
BRKA...is attempting an ORH day with a close over 209,600.
PCLN...is attempting to bottom with the same formation. This name has been severely beaten.
Nasd 100... has a similar pattern ORH pattern working. A close over 4077 will crush the last of the recalcitrant Bears. (99.60 QQQ).
MSFT...has a similar pattern ORH pattern working. A close over 47 confirms the pattern.
Let's see what the end of the day has in store for us.
Time Frame Trading the rest of the day.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.