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.
Current Positions
No Current Positions
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Today's Working Orders
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General Comments orValuable Insight
It's summer time. Traders are at the beach.
There is a distinct lack of interest in trading.
Equity markets need time to digest.
The metals markets are showing fatigue. I'd look for the Silver to trade back toward it's 200DMA @ 20.30 with sustained price action below 20.90.
30 yr. Bonds show the best potential for alpha today.
They could easily rally to 135.27 by maintaining over today's ORH# of 135.07.
Making the Bonds and the TLT the go to instrument ?for those not wishing to to involved or chase names at lofty levels.
Opening Range Time Frame Trading again today.
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Short Term View...
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical's.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
