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.
The Bond weakness is still not translating into an Equity Index sell off. Both the Spu's &? Nasd are holding.
This will be a late day game in the Indices to see if we can get the start of a much needed sell off.
30 Yr. Bonds...we got the move to the unemployment low.The Macro sell stops are under 131.04-130.31. Sustaining below, look for this to move a point at a time to the downside.
TBT...that equates to a test of 82 followed by an eventual long term move to 90.
Metals...follow the Bonds. Higher rates will keep pressure on the metals.
Gold...looking for a test of the last low around 1180.
Currencies...The rising rates will be Dollar positive in the short term.
Follow the Bonds.
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