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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Stocks...
VIX...12.50 is the 50 DMA. 12.90 looks to be the momentum # and upside pivot.
14.00 is the 200 DMA and the next significant level.
LNG...put in an ORL day. Price recovery over 67.40 will be needed to negate the pattern.
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Bonds...
Bund...146.40 starts resistance.
30 Yr. Bonds...136.12-14 is resistance and the upside pivot.
Macro pattern buy stops are 137.02.
All the bond futures look the same, with the Gilts coming up to it's resistance and upside momentum level as well @ 11020
FX...
Commodities...
Gold...1315.70 is the monthly ORH #. This is the hold # for Gold Bulls going into month end.
Below this level Gold is vulnerable to a retreat to as low as 1288-92.
Silver...20.45 is the 200DMA, with 20.20 being first Fib support for this swing.
General Comments orValuable Insight
Attached is a Bund & Bond chart. They are basically identical.
Both show he same technical resistance area.
Both need their respective equity Indices (DAX & SPUs') to Hold and rally for them to fail at resistance.
We pulled our Bond sale so we could see how the Equity markets reacted to yesterday's sell off.
Further equity weakness would not be conducive to higher yields at this time.
Welcome to the mid-week shuffle.
Today we'll see whether or not managers want to stay the course through the summer or cash out and head to the beach.
I need to see a trad able low in the Equity Indices to sell Bonds.
Daytraders, play it very tight. Price action over this level will see the Bonds run to 137.00.
Opening Range Time Frame Trading again today.
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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.
VIX
LNG-Cheniere Energy
Bund..German 10 Yr. Bond
30 yr. T-Bond Futures
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.