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 positions.
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Today's Working Orders
No working orders.
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Stocks...
Equity Indices are tired and in need of a break. Individual names will continue to out preform.
Spu's...resting near term sell stops remain below 2112.
GS...215 is where the qtrly congestion lies. This is a name for your buy on a 5% break list going into the end of June.
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Bonds ...
10 Yr. Bonds...127.09 is the 200 DMA. This is support and the downside pivot.?
Trade the level. Good above/negative below.
30 yr. Bonds...155.19 is resistance. Closing above this level would have me looking for 158.00.
Bunds...154.93 is resistance and the closing upside pivot. Above there is room for another 100 points to the lowest risk sell level.
FX...
EURO...trade it against 110.12, last weeks close. 108.50 is an exit for shorts the first time down.
USD/CHF...95.23 (SFAM...105.36) is mvg avg support and the downside pivot.
AUD/USD... sustained price action below 78.10 is needed for lower.
Commodities...
OIL...needs sustained price action above 60.85 resistance to rally and under 59 support to break.
Copper...(K) May expires tomorrow
Natgas...(M)June expires tomorrow.
General Comments or Valuable Insight
?PBR & EWZ will trade with Oil.? Petrobas put in an ORL week. 8.30 is first support.
The dollar looks good against the majors currencies with the Yen electing the? stops below it's multi-month range.
Equity/Bond spreads are at levels that can change direction.
Asian Equities remain strong with the rest of the world soft. Trade the your time frames today.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
