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.
30 Yr. Bonds...a close today above 128.25 puts in an ORH day in the Futures.
USD/JPY...is attempting an OR Day as well. The Yen is catching a bid as the Yen crosses are being liquidated.
Price action below 104.60 USD/JPY...Over 95.60 Futures is needed for follow through.
OIL...96.25 is the 50% Fib for past 2 months. This is a level to cover shorts or look for a bounce.
AAPL...as long as there is no close below 540 we're keeping a small core Long.
SSO...It's going to take more than an hours worth of price action for us to move out of this position.
For Glossary of terms and abbreviations click here.
