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 or working orders
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Stocks..
U.S. Indces...yesterday's Mid-Week low should hold the rest of the week.
TSLA...145-146 becomes support.
Bonds...
FX...
AUD/JPY....held support yesterday. This is in a corrective profit taking phase that could reach 88.70
AUD/CAD...95.05 is resistance and the closing upside pivot.
Euro...134.02 is an area the market can pause.
DXY...appears to have room for another figure on the downside before hitting bigger support.
Commodities...
Gold...1295 is resistance.
Silver...20 is resistance. Closing back over 20.25 would have us start to look at bottom fishing.
General Comments or Valuable Insight
The Nikkei held support last night and now the Dax is rallying to test it's ORL?level of 8368 which is resistance.
Investors worldwide have been buying select U.S. equities and selling Emerging markets and high beta stocks around the world.
I would expect more of the same for the next couple of weeks.
It's summer time trading and the robots are in control.
Time to take a break from the screen. The less time you spend starring at it now the fresher you'll be for Sept.
Short Term View...
Trade instruments off their own technical s
Time Frame Trading.
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