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
No current holdings
Orders are "stop on close" unless stated otherwise
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Today's Working Orders
No Working Orders
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Stocks...
Spu's...1894 is resistance.
Nasd 100...gains upside momentum over 3593 close.
Midcap 400.. the 50 DMA capped it's rally yesterday, this index will gain upside momentum closing over yesterday's high.
MVV...65 is the 50 DMA. The upside closing momentum # is 65.45.
NFLX,PCLN,AAPL,PANW,FB...all hit initial upside objectives yesterday.
Those weekly highs will now be important resistance and upside momentum levels.
ASX 200...5400 is the 50 DMA. This is the hold level to avoid a test of 5350, the qtrly closing pivot.
EWG...30.85 is the low risk buy # with a 40 cent closing stop.
EWW...64.70, the 200 DMA, is resistance in Mexico
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Bonds...
30 yr. Bonds...134.21-15 is support and the downside closing pivot.
136.20 would be an initial upside extreme.
This is from our medium term outlook published 4/2/14
30 Yr. Bonds ... 135.27-136.08 is the macro closing upside pivot.
A break of that magnitude has the potential to generate a running of
the long term Buy stops in the 30 yr. Futures over 136.10, setting up
another Long term multi-year short in the 30 Yr. against 142.15.
Our original thought process was that the Bonds would rally with an Equity Index break which hasn't exactly played out as we expected.
Nevertheless, we still expect to see an attempt of the 140 level sometime this summer.
Bunds...closed on their upside pivot. Maintaining above 144.65 should lead to another 100 points up.
Gilts... need sustained price action over 110.78 for another 100 + points up.
TLT...hit initial resistance electing the buy stops over 112. This needs to hold and close over 112 to see 114.
Aussie 10 yr....96032 is support.
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FX...
Euro...139.50 is resistance.
GBP/JPY...is attempting an ORH week with a close over 172.81.
Caveat Emptor...we saw one of these the first week of March that rolled over and laid a big egg.
While I'm friendly to the pattern (meaning I like the Pounds) parameters must be kept very tight.
Commodities...
OIL... Recovery and a close over 100.50 (200 DMA) today's near term resistance, is needed for a rally.
Gold...1300 is the pivot in Gold. The ultimate screw job in Gold would be a spike into 1312-16 on the #. This is a low risk sell zone.
A close under 1265 is negative.
General Comments orValuable Insight
Today will bring the world Bond markets and metals into focus.
The U.S. 30 & 10 yr. Bonds along with the Gilts went into resistance yesterday.
Both the Bonds & Individual equities will be about how and where they hold after the report.
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.?
TLT Ishares 20+ Year Treasury Bond ETF
U.K. 10 yr Bond ?
U.S. Ten Yr. Note
10 Yr. Australian Bond
Midcap 400
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.