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.
We were stopped out of the Short 30 Yr. Futures for a total loss of $375 @ 136.31.
The Bonds have the potential to go to our original sell zone @ 140.15 later in the summer.
The Bond action should be price positive the Gold and Silver.
OIL...105.25 is mvg avg support. Sustained price action below 105 could lead to another $1.50 lower.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.