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?GLD??? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?125 ? ? ??????? 125? Stp Close
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Today's Working Orders
SELL?GLD ? @ 125 Stp Close GTC
SELL?10 July 25 500??NFLX Calls ?@ the Market?
This is a closing position.
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Stocks...
Welcome to the mid-week shuffle.
Let instruments you're interested in set up today before you get involved.
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Bonds...
30 yr. Bonds...could probe as low as 137.22 and hold.
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FX...
EUR/AUD...is attempting an ORL day. Shorts should be defensive back above 143.90-144.
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Commodities...
Gold...strengthens over 1326. 1300 is support.
Oil...August Oil Futures expire today. Day traders should be looking to buy the hard breaks.
General Comments orValuable Insight
NFLX was a bust. Sell the calls to recoup as much premium as possible. These will go to zero in a hurry.
AAPL reports today after the close.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
