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.
Sell 1/2 QLD on the opening
The market is not an S&P trade it’s a Nasd 100 trade.
I just want to be cautious.?Every time we get low VIX readings
something happens to temporarily roil the markets.
Having said that, the Nasd 100 2000 high is 4884. There is a potential of another 300 points.
I will be out of all longs around 4600 in the Futures.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.