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.
AAPL…129.50 is the hold level and our entry level.
A close above 131.15 is needed to keep the pattern intact.
IBM...170.30 is the ORL #.
UVXY…price action and a close over 11.01 confirms a move toward 13.
Nasd 100…look for a retest of 4440 by remaining under 4489
Took off the wrong instrument this A.M.!
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.