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 the Jan 31 72.50 calls in the TBT
My quote is slow however they're trading around 55 cents.
I'm looking for a 132.30 print in the USAH.
At this point I'd look for it at the Chicago pit close @ 2 P.M. CDT at an hour later at the NYSE close
Qtrly sell stops in the TBT are @ 71.40
TLT...resistance is the 200 day mvg avg @ 108.60
USD/JPY...just printed my qtrly pivot of 103.00 (97.10 Futures).
There are a lot of markets matching up levels. They are big market inflection levels.
I'm going to let the time play out.
Time frame trading....the lemmings are in full flight.
If this price action is going to be a one day wonder, the turn will come very late today. In fact it could take into early Asia to confirm this direction.
For those looking for a contra trend trade (Bottom Fishers)
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