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
Short Euro??????????????? 136.31????????? 136.85 GTC????? 133.70
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Today's Working Orders
BUY Euro @ 133.75 OCO 136.85 Stop GTC ( Good Until Canceled)
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There will be no published research or The Opening Bell tomorrow Tuesday 6/17/14.
I'm off early to join John Thomas at the New York MHFT luncheon.
I hope to see you there!?
Stocks...
Nasd 100...(M) minimally needs price recovery over 3780 to retest the high. Price action below 3754 could lead to a deeper correction.
DAX...last night's low is matching up with the Nasd 100 3754 level.
They both have to hold for higher.
Bonds...
30 Yr. Bonds (M)...137.02-04 is near resistance and the upside pivot.
?
FX...
Euro...is trading oversold, which means it's a sell on 60-100 point rallies/not breaks.
Commodities...
Oil... becomes vulnerable by trading lower on the week. Once below, Oil could have a quick sell off to 105.
Gold... 1274 is now 1st support. 1286-91 is the next mvg avg resistance area.
Corn...price action above 4.50 will run out all the shorts.
General Comments orValuable Insight
I roll to Sept Futures #'s In the Bond & Equity Indices Wednesday.
Both the Gold and the 30 yr. bonds are at inflection levels this A.M.
Both hit key resistance and their closing upside pivot levels.
Let the Bonds be your guide as to Risk appetite today.
Opening Range Time Frame Trading again today.
?
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.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.