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.
SPU’s, SSO, Nasd 100, QQQ, QLD, PCLN, ASX 200 Futures, MVV, Midcap 400, XLK, XLV
Are all putting in ORH months.
This is a bullish formation. Any one looking to short this formation before Early Monday morning is daft!
PG,CB & some of the more mundane names look to be of good value.
My near term NASD 100 tgt is 3754.
Spu’s…the swing count is app 1950 as long as 1800 holds on breaks.
DAX…9701 is the weekly ORH#.
30 yr. Bonds…134.02 is today’s ORL #, price action here will be brutal.
EURO…will put in an ORH month with a close above 137.78 @ 4 P.M. EST.
GBP/USD…will put in an ORH month with a close above 166.72 @ 4 P.M. EST.
These are but a few instruments
For Glossary of terms and abbreviations click here.