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.
AAPL...126.92 is the weekly ORL # with sell stops below
Nasd 100...4427 is today’s ORL#
IBB…potential double top @ 341.49
Price action in the Nasd 100 & AAPL under the above levels late will elect a lot of profit taking.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.