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 curent positions
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Today's Working Orders
No working orders
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Stocks...
X...U.S. Steel remains firm above 39.
UNH...trend support is 86.70. The first short term tgt is just below 90. Longer term this can go to near 110 as long as there is no close below 86.70.
TSLA...remains firm above 275
Bonds ...
30 yr. Bonds...138.23 (U)...137.08 (Z) is mvg avg support
Bunds...147.95 is today's support.
FX...
AUD/USD...92.50 is point $ figure support. Price action below this level will lead to a much deeper correction in Aussie.
USD/JPY...106.47 is monthly mvg avg Yen support. ( 93.03 Futures)
Commodities...
OIL...93.75 is today's point & figure resistance. Sustained price action above this level is needed for more strength.
Brent...101.67 is mvg avg resistance.
Natgas...3.72 is weekly support and the downside pivot. 3.92 is resistance.
General Comments or Valuable Insight
The board is all about picking the individual sectors and names of the day that are in play.
Social media and healthcare are my favorite sectors to look for opportunity.
The longer the Equity Indices grind sideways, the higher they'll get marked up at the end of the qtr.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
