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.
IBM…is attempting an ORH day with a close over 190.25. This is worth a look after the Fed minutes.
30 yr. Bonds…139.00 +- a tick or two, is support and the downside closing momentum level.
APPL…is making new all time highs. The short term sell stops will be under 99.32, today’s ORL#
Spu’s…today’s sell stops are @ 1971.
Nasd 100…today’s sell stops are @ 4024.
Midcap 400…has b put in a new weekly high. Today’s sell stops are @ 141020.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.