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.
BUY 5% Long Position TLT at the market!
We're trading just a shade over 129.00.
30 yr. Treasuries have come a long way. We're very close to my initial downside targets put out Friday.
I'm doing this solely as a hedge against my Long portfolio since I'm doubtful i get my price in the VIX (at least for now).
Technically TLT holds right in here or breaks to weekly support around 126.00.
I won't be hanging around that long.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.