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. Bonds…133.00 +- a couple is the cover zone the first time down for shorts. This is the weekly support level. Closing under this area leads to another swing up in rates (down In Futures).
TBT…75.54 looks to match up with the 30 yr. Futures today @ 133
NFLX,AAPL,IBB, Goog are all holding the breaks. All three look good on the daily and weekly charts. Pay attention to your technicals as they continue to have a safe haven allure even when the rest of the board is in sell mode.
RIO…has had a big 3 day move. 54.90 should cap this rally near term.
Time Frame trading the rest of the day.
Europe is in profit taking mode across the board.
Capital flows after London’s close have a tendency to abate and change direction.
For Glossary of terms and abbreviations click here.