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.
No positions...
Stocks..
Spu's...1657 is the next measured tgt.
Bonds...
30 yr. Bonds...still need to sustain above 134.00 for any upside to materialize
Bunds...143.15 is the first level to look for price rejection.
FX...
AUD/JPY...92.77 is the 200 day mvg avg. is resistance and has been rejecting closing attempts since mid June. Closing above 93.14 would start a new leg up in this cross.
Commodities...
?
Gold...is caught between 1242 and 1258. I highly doubt it will stay in this range after today's?Fed minutes. Gold has to maintain today above 1235 on any break.
Oil...106.43 -79 is resistance.
General Comments or Valuable Insight
For those that are involved in the metals, you should have trailing stops working?today. The last fed minute release in April was a huge market mover.
The Bonds will get active @ 12:00 CDT with a 10 yr. auction.
Oil EIA report is released @ 9:30 CDT.
Short Term View...
Be patient, this afternoon will be busy. The complexion of the board can?be very different late.
For Glossary of terms and abbreviations click here.
