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
LONG? JJG?????????????????????????????????????????? 38.21?????????? 38.60 Intra-day? 42.00
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Today's Working Orders
No working orders.
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Stocks...
Spu's...as long as 1260 holds on breaks downside is limited.
2020's would be a gift to buy Spu going into year end.
Nasd 100...4258 is support and the downside pivot. Below you could see a 40-50 point break.
Bonds ...
30 yr. Bonds..trade the price action. 142.27 is support.\
FX...
EURO....123.75 is the low risk sell zone.
DXE...the dollar index put in an ORH week. I need to see sustained price action above 90 to signal follow through.
AUD/USD...a close over 82.45 resistance is needed for a rally.
Commodities...
OIL...57.70 is short term resistance. Sustained price action over this level is needed for upside follow through.
Brent...60.00 is support and the downside closing pivot.
General Comments or Valuable Insight
This Human will not write again until next week.
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For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.