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.
EURO…this should remain under pressure the rest of the day.
130.20 is the next monthly level I’m looking to see tested.
TQNT…21.00 is natural resistance which take it up over 8% on the day. The first multi year fib resistance is not until just shy of 27.00.
We took off 1/2 the exposure just a smidgeon shy of a 5% gain.
We’ll be raising our stop to break even for Tuesday.
We’ll be doing the same for the IWM (raising the stop to break even)
Equity Indices have run up through London’s close.
I would expect more of the same late day.
Enjoy your holiday weekend.
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