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 VGK ?56 4/17/15 Calls???? ???? ? ?? .50?
LONG SOXX ????????????????????????? ? ?? 91.50???????????? 92.40 Close
LONG?FB??85 4/02/15 Calls???????????? .49
?.......................................................................................
Today's Working Orders
SELL 15 VGK ?56 4/17/15 Calls?@ 65
SELL?10 ?FB 85 4/02/15 Calls when FB prints 85?
SELL?SOXX @?99.05 OCO (one cancels the other) ?92.40
BUY??AUD/NZD?@ 99.9?6?
?.......................................................................................
Stocks...
Spu's... 2033.50 is support. new closing momentum over 2095 close is needed for another run higher.
Nasd 100...4376-87 is mvg avg resistance. Last night Nasd 100 printed the 4265 buy level.
FTSE...tested it's 200 DMA last night near 6665. 6830 is resistance.
GOOGL...put in a negative pattern yesterday. Today we'll see if it's real.
550 is first support.
Bonds ...
Bund...158.10 is support and the downside pivot. A close over 159.30 is needed for higher.
10 Yr. Bonds...I'm friendly to the pattern as long as we maintain above 128.24.
FX...
EURO...106.86 is fib support
Commodities...
WTI...56.50 is the next bounce level down matching 54.65 is Brent.
GOLD... 1182-78 is the short term hold level. Closing under this level will see the yellow metal sold.
General Comments or Valuable Insight
Happy April Fool's day.
If you don't wish to torture yourself today, entertain yourself with this.
Keep it simple at this point. Use yesterday's closes as your short term pivot for bias in whatever you trade.
Good above/negative below.
Let's see how much new money gets put to work today in the Equity markets on this first day of the new quarter.
OIL...look for this to trade in 75 cent increments either way. "Up or down".
?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.