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.
Current Positions
No curent positions
.......................................................................................
Today's Working Orders
No working orders
.......................................................................................
Stocks...
SPU's...need sustained price action under 1885-7 to break anywhere.
Bonds ...
30 yr. Bonds...range bound.
FX...
GBP/USD...Sterling is reacting to the Scottish Independence Polls.
It put in an ORL week last week. The Yes camp for devolution is gaining in the exit polls.
160.00 is monthly support.
USD/JPY...price action under 104.60 (above 96.65 Futures is needed to run out the shorts.
Commodities...
OIL...92.50 is the level that will run the next dollar move in oil.
91.30-60 is below.
Brent...looks technically weaker than WTI, with room for another 3 dollars to the downside.
Natgas...3.72 is weekly support and the downside pivot. 3.92 is resistance.
General Comments or Valuable Insight
Welcome to this months episode of Full Moon Trading.
Be patient and let's just wait to see how things shake out today into tomorrow.
Price action next week is more important than what happens this week.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
