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.
EUR/AUD....140.25 was last weeks break down level. Price action above here would leave way to 141.35-40...this is the low risk sell zone where you want to sell the Euro and buy the Aussie via the cross with a 30 pip stop.
AUD/JPY ...is attempting an ORL day with a close under 98.08. The cross has been an excellent risk indicator for the Equity Indices.
DAX...9595 is descent daily support.
Italian & German 10 Yr. Bond Futures...I'm looking for a rally of 150-200 points which means the equities have to go into profit taking mode for that to occur.
Social media and tech names re main in their own world.
Trade instruments off their own technical s.?
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
