October 8, 2013 - MDT Pro Tips A.M.

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....
?? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? Open??????? Stop???????????? TGT

Long AUD/USD ? ? ? ? ? ? 94.32 ????? 93.70 Close ?? 95.25/96.75

Long FXA???????????????????? 94.31?????? 93.80 Close??? 95.15/96.70

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Today's Working Orders...

Sell?1/2?AUD/USD?@ 95.14.

Sell?1/2 FXA @ 95.10.

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Stocks...

Spu/Bonds...is sitting on the 18 week mvg average.This is a big go or no go level!? The last time we touched this line was April 8th and it held for a very big move in the spread. In April the Spu's were at 1530 and the 30 Yr. @ 147. Think about it!

Vix...19.90-20.00 resistance and the upside pivot.

Bonds...

FX...

USD/JPY...the 200 day will run the show.

Commodities...

 

General Comments orValuable Insight

Spu's under last weeks low of 1663, look for 1652 next with a 1632 tgt.

As of last night the Spu's have a double bottom, which needs over 1679 for a bounce to go anywhere.

Let the Spu/Bond spread and USD/JPY be your guide.

 

Short Term View...

We're in a game of picking the next low for an attempt back to the highs in the U.S. Equity Indices. Right now individual stocks look to be an easier read based off their own technical's.

Go with the flow. Use the 9/30 closes as your macro pivots. Trade the opening ranges and early time frames.

The board will completely change with a weekly close under the 18 week mvg avg in SPU/BOND. This would cause a much bigger correction in Equities Indices and a rally in the Bonds.

Another by product would be the Yen closing over it's 200 day vs rejecting the level as it did last night.

Technical levels are being probed. The patient trader should be hitting singles off these levels.

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