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.
We regretfully had extreme technical difficulties recording the Opening Bell.
The first recording evaporated and the second attempt was no better.
We endeavor to be real time. For this I sincerely apologize.
I’m traveling tonight through next Wednesday. There will not be any MDT research or Webinars until next Thursday.
In case you haven’t noticed, every time I head to O’hare the markets implode.
TBT Calls...after reaching over 100 this A.M. they’re quickly evaporating as the flight to safety ensues with the Index sell off.
What to do?
If you took your money basis the 136.23 cover level I’d put a few back on later in the day for tomorrow A.M. Employment report.
The Employment report usually marks significant highs and lows for the next month in the Metals and Bonds.
60.88 is weekly resistance. 59.49 is the weekly ORH #. That is a big reason I chose the 59.50 strike.
I want to stay Long the TBT…have a small core short 30 Yr. as long as there is no close tomorrow above 138.02.
Once again I will not be in front of a screen or have proper internet access until next Thursday.
You’re on your own.
There will be no further research.
If there is anything you need, you’ve got 2 hours to contact me.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.