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? AAPL ? ? ? ? ? ? ? ? ? ? ? ?????????? 129.50 ?
LONG TAN????????????????????????????????????????? ? 48.95?????????? 48.35 Close
LONG QLD????????????????????????????????????????? 150.40???????
LONG UVXY???????????????????????????????? 10.02
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Today's Working Orders
No working orders
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Stocks...
AAPL...Reports after the close today, this will be a key market driver.
HSBC & Deutsche Bank will be moving this A.M. DB off better than expected earnings and HSBC possible restructuring to move headquarters out of the U.K.
DAX...11,730 is mvg avg support. Upside momentum is regained with sustained price action back over 12,000.
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Bonds ...
Bunds...159.00 is the qtrly pivot. A close under the 50 DMA @ 158.84 is needed to confirm lower. 159.85 is resistance,yesterday's breakdown level.
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FX...
EURO...109 is mvg avg resistance. 107.40 is support. Be aware of the range.
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Commodities...
OIL...near support is 56.60.
55.25 is a bear trap the first time down.
General Comments or Valuable Insight
It's all about AAPL after the close today.
Japan has been going sideways relieving an overbought condition. Europe has been holding the breaks.
I look for everything to be firm into Thursday's close (Month End)
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
