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...
AAPL...575.13 was last years high. There should be resting buy stops above this level.
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Bonds...
30 yr. Bonds... have a double top on the point & Figure charts from Friday. 134.12 is first support. A close below 133.15 is needed to turn them negative.
FX...
GBP/USD...167.70 is the downside risk for Sterling buyers. A close over 168.35 puts in an ORH day.
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Commodities...
OIL...while we were looking for a bounce off 10.45 last week there was little price action to entice us into the trade. 101.75 is point & figure resistance.
Gold...needs to show strength over 1307-09 for upside follow through and a close over 1328-30 for a bigger move to start.
April Gold expires today.
Grains...are holding breaks.
Corn...closing over 5.124 should lead to more strength.
JJG...this is a buy on break against 50.50, looking for 54
General Comments orValuable Insight
Natgas and metals have Futures expiration today.
I have a risk on bias for the next two days.
Equity Indices should remain somewhat firm going into month end barring an invasion of Ukraine.
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.
