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.
We’re stopped out of the Soybeans at break even (12.62).
The Brent /WTI spread has been one of the biggest commodity trades over the past 2 years.
Parity ( When they are both the same price) in the spread is the 2/3rds Fibonacci retrace from 1998 low to the 2012 high.
Shorter term RSI’s are very oversold.
The most I’d look for on an over shoot is the WTI trading 80-90 cents over the Brent. This is the area we’re looking to match up with a potential high in the WTI.
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