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.
CAT...85.25 should prove to be big resistance.
30 yr....134.10-14 is the next resistance level for today.
Bunds...are holding up over 142.00. 143.15 is our next tgt.
As long as the interest rate Futures remain firm look for GOLD/EURO to continue?being firm.
EUR/AUD...price action below 139.50 will lead to more Euro weakness.
EURO...macro sell stops are under 127.50.
128.09 is today's ORL #.
Caution in looking for a lot of follow through to the downside,
or taking the signal off the chart pattern, because the RSI's are reaching oversold levels?for our Risk profile.
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