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.
XLY...mvg avg resistance is 59.05. A close over 59.35 signals a new up move.
XLV...this remains positive as long as there is no close below 50.15.
YHOO...as long as this remains higher on the week this remains positive.
XBD...the Broker Dealers look good as a group. Any longs can be managed against Friday's close.
XLI...45 is support and the downside closing pivot. By remaining above the first tgt is just over 46.
BKX..63 is support and a trad able low.
AAPL...496 is support. It's doubtful you'll see anytime spent under 499 today.
Trade the flows the rest of the day.
For Glossary of terms and abbreviations click here.
