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...142.00 was the qtrly break down in Bonds from the first qtr 2013. Any print close to 142.00 is getting rich.
Even knowing that this is a level to not buy strength, but start selling rallies again, the Bonds could travel a full 2 points higher on a macro basis before you get a new longer term signal.
?Equity Indices did not go low enough on this last break after London's close to do any serious pattern damage?.
VIX...??14.65-70 is today's closing momentum # in the VIX. 15.53 would be a level to look for a Bull trap late today.
It's summer time trading with lower volumes!!!
The lemmings can run hard late in the day!
Day traders should be very patient.
?DAX,EEM,EWP??,EWI? ? have the most vulnerable chart patterns?? (ORL's) vs Australia, Footsie & the U.S. still hanging in??.
Spu's... a close under 1938 will keep the market on the defensive and the Bonds bid going home over the weekend.
Nasd 100...??3939.50? is today's closing level.
OIL...??96.96 is resistance and the closing upside momentum #.
Brent??...104.38 is the corresponding #.?
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
