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.
Spu’s…1688.20 is first support. Closing under 1682.50 would have us looking for a much deeper correction.
VIX…14.50 is first resistance.
NFLX…a close under 305.52 (daily ORL#) would have us thinking this is the high for a while.
305.52 is where all the near term trailing sell stops are.
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