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.
SELL 2 EPZ4 @ the Market
BUY 2 USAZ @ the Market
This is a closing trade!
The rest of the day looks like it going to be a back and forth screw fest with the bulk of the action in the last 30-45 minutes of the day.
The European banks are weighing on the Dax & Euro Stoxx.
I'm not crazy about the lower low in the 30 Yr. Bonds.
They haven't broken far enough nor have they rallied high enough today.
The U.S. afternoon session can be quite different after the Europe selling has abated.
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