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.
I’m looking for more unwinding of Short Euro/ Long Gold into London’s close.
Oil has been the beneficiary of positive comments from Prince Al-Waleed.
Energy names will be in focus the rest of the day. It’s probably enough that
it just doesn’t implode to get investors eying the Energy names.
UPS…102.47 is the 200 DMA. it’s worth keeping an eye on this for bottoming action over the next couple of days.
Cattle..(G).1.4926 is Fib support. The longer time frame chart shows 1.45 as a target.
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