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.
Goldman,NFLX,PCLN & GOOGL are all coming into support matching the 1954 level in the Spu’s.
DAX has reached weekly support, although the daily maps show another 50 points is possible.
AAPL…would need a close under 94.10 for the world to go seriously risk off.
VIX…12.80-90 is resistance.
The Treasury futures have all exceeded my initial levels to the upside.
It’s been a one way romp led by London.
Time frame trading the rest of the day.
Pressing direction at these levels would be unwise.
There is another hand to be dealt this afternoon.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.