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.
VIX is coming into support @ 16.90-1700.
Spu’s…1676 is a 30 % retrace form this past down move. The S&P 500 needs a close over 1686 to turn up.
Those of you who have a long portfolio should consider a 18/20 VIX cash call spread for 45 cents to hedge Risk.
Nikkei is trading at my qtrly pivot to boot.
We’re one headline of going the other way.
Trade the technical levels and forget the banter out of D.C.
30 yr Bonds…131.28 is the level to buy before you sell with a 6 tick stop.
TLT…you shouldn’t see much below 104.40 if it’s going to hold.
Time Frame Trading.
For Glossary of terms and abbreviations click here.