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.
Path of least resistance going into qtr end is up.
Lower lows at the 50 DMA in the Nasd 100 & Spu’s have held.
LNG could catch a bid going into tomorrow.
GOPRO has hit it’s tgt at 90.
F...Ford looks bad however it’s into some support and would need all new weakness under 15.40 to break.
QQQ…closing over 99.40 can signal an intermediate low and start a new leg higher. 4070 is the Nasd 100 #.
Spu’s… over 1979 will lead to a rally into mid week
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.