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.
30 Yr. Futures…133.04 is today’s weekly ORL level.
This level will dictate further price action.
Recovery back over this level will be needed for any upside the rest of the day.
Given the Bonds are getting oversold, any new shorting should managed against this level.
TBT…76.27 is the ORH closing #.
For Glossary of terms and abbreviations click here.