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.
Stock rotation is in full swing with the Equity Indices looking overstretched.
We’ve come a long way in Equities in 9 trading days.
Sell stops are resting under Friday’s day session lows in the Indices.
The Mexican peso is nearing support, so don’t sell weakness in equities.
Names in the Oil patch like OXY, have the potential to correct another couple of percent.
VIX…near 14.40 ” the 200 day mvg avg” is the area to try and match up with an early sell off in the Equity Indices.
For Glossary of terms and abbreviations click here.