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.
It’s an Emerging Markets love fest.
Valus shopping abounds.
EWZ…shows resistance @ 49
FXI…is attempting an ORH week with a close over 38.
38.75 is weekly resistance.
EWW…holding and closing over 65.70 tgt’s the 200 day mvg avg @ 68.
AUD/USD…Held support @ 92.80. 94.07 is resistance and the upside closing pivot.
The U.S. indices could easily see a bout of profit taking late today as the value rotation focus is the emerging markets.
For Glossary of terms and abbreviations click here.