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.
Euro...has just filled out the top of value on the point & Figure chart @ 136.75. Euro Bears should sell with a stop over today's high.
That's a 20 tick look at the level.
Copper...downside is now limited. Closes below 2.95 are needed for lower. 3.0250 -3.03 is an area off different work that is a "do not sell zone"
Bonds...the Ten yr. low was more telling than the 30 yr. high.
Oil...Both WTI & Brent traded first resistance. All new strength over the early highs is needed for upside follow through.
It's summer in the city. The rest of the day will be a time frame flow trade.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
