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.
Focus on 2 places?the rest of the day.
IBB...346 ish is the 50 DMA and the top of the cloud.
price action and a close below will weigh on the Nasd 100 Future
Nasd 100...the pit ORL stops are @ 4511. The gap goes to 4495 with a close under 4489 needed for an all session ORL.
The running of the Nasd stops should allow us to get filled in the UVXY
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.