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.
125.17 is where the macro sell stops are, the weekly ORL #
Closing under this level tomorrow would signal an interim high.
Guys day trading the indices should keep this level front and center the rest of the day.
VIX…needs to reject @ 14.65 and AAPL has to recover from any price action if it elects the stops.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.