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 EFA 66 3/06/15 Call ? ? ? ? ? ? ? ? .13
These will expire worthless
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Today's Working Orders
BUY? AUD/NZD @ 99.95?
Stocks...
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Bonds ...
30 Yr. Bonds...(M) 161.10 is a descent resistance level for today.
BUNDS...(H) Futures expire today. June (M) is front Month.
FX...
EURO...To elicit any meaningful short covering, you'd need to see price action over last night's opening of 110.35
Commodities...
Gold... sustained price action above 1210 or below 1190 is needed for new momentum.
It's in a $20 dollar range on the long term Point & Figure chart.
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General Comments or Valuable Insight
Full Moon Trading today and I'm fresh out of ideas.
Today is typically a Bond led event which will drive the currencies and Gold.
Bond Futures up=initial relief rallies in the FX against the Dollar.
Bond Futures down=stronger Dollar and weaker Gold
Individual Biotech names is the place to look for opportunity in the Equities.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
