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 ZIOP?????????????????????????? ? ? ?? 7.99??????????? 9.00????????????????? 13.00
LONG??DIS 106 2/27/15 Call ? ????????? ?? .24???????????????????????????????????? 112.00
LONG AAPL 132 2/27/15 Call???????????? .41???????????????????????????????????? 140.00
LONG EFA 66 3/06/15 Call ? ? ? ? ? ? ? ? .13
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Today's Working Orders
SELL 20 DIS 2/27/15 106 Calls...when DIS prints 106.
SELL 30 EFA 3/06/15 66 Calls...when EFA prints 66.
SELL another 30% piece of the original ZIOP position @?10.90 ?GTC.
BUY 4 EPH5 (S&P 500 Futures) @ 2061 GTC?
Stocks...
Spu's...2095 will act as support. This level will be pivotal all week. Strong above/Weak below.
Euro Stoxx 50...price action under 3498 will run out weak longs.
DAX...10,900 is the hold level.
Nikkei...18,425 is today's ORL #
Bonds ...
30 Yr. Bonds..(H) 145.06-15 is the zone to look for price rejection. Resting sell stops remain just under 144.00.
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FX...
GBP/JPY...183.00 is mvg avg support. This has been the best trending chart since the beginning of February.
EUR/AUD...after holding the 200 DMA support yesterday @ 145 this cross is now testing it's 50 DMA resistance and the upside closing momentum level @ 146.20.
EURO...sustained price action under 112.85, last months close, will lead to more Euro selling.
Commodities...
OIL...pattern buy stops are @ 50.60.
Brent...the pattern is friendly as long as 58.00 holds.
General Comments or Valuable Insight
The world and the robots are awaiting comments from Yellen & Draghi this A.M.
Comments from these two will create volatility in the Currencies and the Bond markets.
Short term traders should be very patient in today's episode of beat the bots.
AAPL has been kind to us. Profit taking "Feeding the Beast" enabled the buying of upside in Disney and Europe (EFA). The worst that happens to these positions is that we don't make as much as we'd like.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.