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 TLT was trading around 107.65 when the Alert was sent.
This is a very tight look on a contra trend trade.
It’s either good for a couple of points or it’s not.
The main rational was that stocks were overbought with some
like NFLX just putting in a double top.
I’m willing to throw 30 cents at it to see if the 30 yr. Futures can hold today’s U.S. low and complete a long overdue reversal on the long term point & figure chart.
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