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.
AAPL...95.30 is the high monthly close. APPL just tested this level.
I wouldn't look for further upside until we start to close over this level.
I'm not convinced we see much of a break. Trade every instrument on it's own merits.
Stock rotation will be brutal all day.
30 Yr. Bonds.(M)...135.16 is mvg avg support and a pivotal closing level for more downside.
135.29 is today's ORL#. Sustaining below this level is price negative.
Day traders that are short Bonds should use this level to manage their risk.
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