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 Yellen comments were Dollar positive over the medium term.
The Dollar is short term overbought.
Be patient to not press weakness.
X…U.S. Steel starts gaining upside momentum over 37.50-60.
TSLA…remains defensive by sustained price action under 254.58.
Social Media & Biotech names remain the market favorites.
?This is shaping up to be a late day trade.
Wheat…is trying to break out to the upside with a short covering rally over?? 5.54?-56?.
If this move proves to be real there is app. a 20 cent upside?.?
?Treat every instrument as it’s own entity?.?
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.