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.
Nasd 100..wants to print 3044 the old high. Then you might see some profit
Spu’s…The next measured swing count is to 1687, however failing @ today’s
opening range we would have to close under 1655 to signal a short term high.
OIL…macro sell stops are 104.21.
TLT…with the dollar buying going on we’ll likely get stopped out.
We’re stopped out!
Gold…needs to hold 1272-5 on this break to avoid lower retests.
AUD/JPY…is slightly lower on the qtr…90.13 is the key weekly closing downside pivot level.
98.45 USD/JPY….are the straight dollar levels for new direction
Pay attention to your time frames the rest of the day.
For Glossary of terms and abbreviations click here.