August 12, 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.
The Miners are catching a bid with the European Equity sell off.
GDXJ...is a low risk buy against 42.40
ABX...is breaking out to the upside as investors in Europe seek safe haven in the metals and the Miners.
Both the Spu's & Nasd have come down to retest last week's highs.
They either hold right in here or you're going to see a much deeper correction!
?VIX...??has been the key to short term moves by holding the 200 DMA on breaks??, thus capping rallies in the Indices.
11:00 A.M. CDT comes the USDOA crop report.
The conditions in the Midwest have been excellent for growing this year.
The expectation is for a great report.?
Time frame trading the rest of the day as Vladamir is being a bad boy again!
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
