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.
FTSE…has been making a 3 month Head & Shoulders bottom.
6665 is today’s 200 DMA, a level the FTSE has not closed above since putting in an ORL day Sept. 25th.?
FTSE needs a couple of closes above this level to continue up.
GDXJ…Junior miners look set to maker an attempt @ 28
as long as it remains above 26.60.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.