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. Bond...165.19-27?is the level to watch for price rejection the rest of the day, matching a possible low in the Nasd 100.
It's significant for a number of reasons; running of the weekly ORH stops, matching the high weekly close + a possible right shoulder of a head & shoulder formation.
It will be a big momentum area.
Rejection of the level should weaken the GBP & Euro which have just rallied to retest big technical and low risk sell zones.
EURO 107.00
GBP 148.00
Time frame Trading the rest of the day.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.