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.
Bonds continue to weigh on the Dollar ( Except against the Pound) and the Equities.
Treasuries are retesting the pre ECB Thursday A.M. Intervention.
Don't press direction.
Bonds are running the spreads against the equity Indices.
Levels that are important!!!
GBP/USD...156.30 is the 200 DMA. I would not look for much follow through the rest of the day.
30 Yr....153.15 will still be an important closing level. Closes below this level are needed?for higher yields.
TBT...200 DMA is @ 48.91.
Spu/Bonds are rapidly approaching the 200 DMA resistance level. S
SELL UVXY @ 10.38 GTC
That would be another 7.5% scalp. I'll take what the market gives me.
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For Glossary of terms and abbreviations click here.
