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.
CAT…85.25 should prove to be big resistance.
30 yr….134.10-14 is the next resistance level for today.
Bunds…are holding up over 142.00. 143.15 is our next tgt.
As long as the interest rate Futures remain firm look for GOLD/EURO to continue being firm.
EUR/AUD…price action below 139.50 will lead to more Euro weakness.
EURO…macro sell stops are under 127.50.
128.09 is today’s ORL #.
Caution in looking for a lot of follow through to the downside,
or taking the signal off the chart pattern, because the RSI’s are reaching oversold levels for our Risk profile.
For Glossary of terms and abbreviations click here.