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 VGK ?56 4/17/15 Calls???? ???? ? ?? .50?
LONG ?TLT?????????????????????????????? ? 132.57
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Today's Working Orders
No working orders.
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Stocks...
Spu's..sustained price action under 2085 is needed for another 20 points of downside to test mid 2060's.
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Bonds ...
30 Yr. Bonds...163.15 will act as the short term pivot.
10 Yr. Bonds...the risk to be long the Ten yr. is yesterday's low 128.24
TLT...is breaking out to the upside on a weekly chart
FX...
EURO... resting buy stops are @ 110.36. Sustained price action above, look for a run to 111.
DXEM...97.65 is today's resistance. Watch the Euro @ 110. Above the Dollar index is headed to the 50 DMA @ 96.
Commodities...
Brent...new closing price action over 57 (mvg avg resistance) is needed for higher.
Gold...is holding breaks. Look for a test of 1200.
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General Comments or Valuable Insight
I'm keying off the treasuries for the Gold & Currencies today. As long as the Bonds remain bid so should these instruments.
I bought TLT yesterday because it seems the safest place to keep money.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.