September 3, 2014 - MDT - Midday Missive
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... needs under 4077.50 to do much pattern damage.
So far it's been an opening range trade with another mid-week extreme, with a directional time frame capital flow. (Straight down in the Indices from today's U.S. opening range)
VIX...has languished, which is telling me no one is worried about downside.
Vomiting ( Puking Equities) into London's close is something I'm avoiding.
Lower follow through after 12:30 CDT will see the Bonds catch a bid along with the Vix.
I've adjusted the stops to a closing basis to protect profits on Triquint and the Russell.
AAPL...came close to the next upside tgt just shy of 105. it has done nothing to negate the longer term pattern, which is still up.
Current Positions....With updated Stops!!!!!!
These are updated orders. These are not new trades.
Long IWM???????????????????????????
Long TQNT??????????????????????????
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
