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 GOOGL?????????????????????????????????????? 561?
LONG USO 17.5 PUT?????????????? ? ? ? ? ? ? ???? .39
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Today's Working Orders
BUY? AUD/NZD @ 99.95?
Stocks...
Spu's...(H) sustaining into the upper 60's will give way to 2078 resistance.
DIS...is a name that should stay strong into the end of the qtr.
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Bonds ...
Bonds...(M) 157.25 is today's support. 159.27 is today's resistance and upside pivot.
FX...
EURO...price action above 106.50? resistance turns the P&F up.
USD/CHF...101.42 (98.59 Futures) is the level where the Swiss cut the peg with the Euro from.
As Long as the Suisse remains over 99.47 (under 100.53 Futures) it's headed south. Sell any rally to this level with a 25 point stop. This is a the qtrly OR #, it's not insignificant.
Commodities...
OIL... 46.40 will be sticky on the way down. Closing under 45.85 leaves the way open to lower levels.
Brent...55.88 is the 50 DMA support. A close under this level is needed for more weakness.
58.45 is resistance.
General Comments or Valuable Insight
Go with the Bots again today. If the buy programs kick in early, hop on board for the ride.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.