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…the pit session is attempting a daily ORH with a close over 132.28. The all session chart needs a close over 133.16 for this pattern.
In any event 133.23-25 is resistance the first time up.
We pointed out the TLT earlier this A.M. which is putting in this same type of pattern. 135 is the initial tgt level with pattern follow through.
Spu’s…1637-8 should be the extent of the sell off if they are going to hold and rally late.
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