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…124.80 is resistance and the upside closing pivot for a move to 126.
The current low @ 123.60 looks to be pretty good looking double bottom.
SOYBEANS…break out to the upside on a close over 10.50 for a move to just shy of $11.
Equity Indices…stock rotation is huge.
SPU’s…2060.75 is today’s ORL#, a place where the shorts will likely get abused.?
Price action here is critical to keeping the Bull raging.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.