June 13, 2014 - MDT - Price Action Equity Indices

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.

EEM is attempting an ORL day

SPU's ...1913.50 will be the key hold # through tomorrow. This is the weekly ORL #

Nasd 100...the mini's are putting in an ORL day with a close below 3779.50, however the pit session only has a double top.

Nasd needs to Hold at old resistance which was the 3754 level to avoid much lower.

VIX...needs a close over 12.60 to confirm more Equity weakness.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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