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.
Whatever happens this afternoon I seriously doubt you'll be able to execute faster than the Bots.
I'm still deferring to the Sept Equity Index contracts until tomorrow.On a continuation chart there will be resting sell stops under 1694.75 in the Spu's. Call it 1688 December.
For the Bulls...A spike of this low followed by sustained follow through back higher on the day will continue trend.
Bears...will need to see sustained and closing price action under those lows for a temporary high in the Indices.
Precious metals will obviously run out all the shorts with any sustained price action back higher on the day.
30 yr. Bonds...Sept. Bonds are winding up with a potential Outside reversal day in either direction at this point, based off the current price action on yesterday's range.
The Bonds should be of particular interest since this is an event day that can temporarily cease the slide in the Futures "march upwards in rates". Time will tell.
Regardless of what happens I can wait for the dust to settle to trade.?This is just round one going into qtr's end.
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