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 Positions
Orders are "stop on close" unless stated otherwise
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Today's Working Orders
No Working Orders
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Stocks...
Spu/Bond...spread is breaking down, led by the 30 yr. rally. This is capping the Equity Index rallies.
Spu's...would need to sustain under 1864 to see much selling.
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Bonds...
Ten year... TYM...sustained price action over 124 will have investors selling equities.
FX...
GBP/USD...Buy stops are @ 168.46. This is a potential weekly double top area.
USD/CNY...after reading http://yragharris.com/2014/04/
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Commodities...
OIL...(M) 101.55 will act as the downside pivot. 100.35 is support and where I'm going to look for a reversal in direction.
Price action above 102.15 is needed for another $1.00 up.
Gold...1299 will be an important closing barometer today.
General Comments orValuable Insight
With the uncertainty of Ukraine over the weekend most investors will remain in a defensive posture.
They'll be more inclined to hold treasuries and park Equity money in very conservative names/ shunning momentum names.
Long DJI & SPU/ Selling high beta Nasdaq names.
Pay attention to the technical s of the instrument? you're involved with.
Opening Range Time Frame Trading again today.
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Short Term View...
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical's.?
We are neutral Equities.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.