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 SOXX ????????????????????????? ? ?? 91.50???????????? 94.00 Close
LONG? FEYE?????????????????????????????????? 41.75??????????? 40.50 Close
LONG? XLV?????????????????????????????????? 73.90??????????? 72.70 Close
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Today's Working Orders
SELL SOXX @ 99.05 OCO 92.40 Close
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Stocks...
GOOGL...535 is the weekly ORL #. This level will run sentiment for the Equity Indices.
DXJ...I like this ETF for a hedged long view on Japan Equities. As Long as 56 holds this has much higher to go.
BABA...needs sustained price action and a close over 85.10 for higher. Below 83.50 it melts down.
NFLX...earnings after the close today. There are no bargains here for an upside play on the April Friday expiration.
Bonds ...
Bunds...159.00 remains support.
FX...
EURO...107.11 is resistance the first time up. Closing under 105.40 will lead to the low 101's.
Commodities...
GOLD...bears do not want to see any sustained price action over 1200, for it will turn the short term P&F charts up.
Ice Brent and WTI Futures expire today.
Natgas...is trying to bottom. Sustained price action and a close over 2.55 could lead to another small rally.
General Comments or Valuable Insight
CVX & COP have the two best patterns in the Oil patch.
The big game will be NFLX after the close and GOOGL holding 535.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
