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.
OIL...resistance is clearly defined @ 108.75. A close below 106.80
precipitates more weakness.
Silver...23.40 is the bottom of support shown on the long term point & figure chart.
Gold...1437 is monthly resistance. 1377 must be penetrated for any sustained downside. The long term Point & figure chart shows this is winding up for a move, which typically happens on unemployment Friday.
With the Equity Indices Bid, investors will continue to sell the metals on rallies looking for higher returns in stocks.
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