October 3, 2013 – MDT – Position Update

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.

We are stopped out of the Long S&P Futures position.

The longer term Point & Figure chart shows a bigger pattern breakdown in the SPU under 1664 with 1650 being the next bounce #.

We took profits on 1/2  Long AUD/JPY which is a surrogate Risk On Trade.

With further Equity Index selling, the stop in AUD/JPY  will be elected as well.

We’ll let the market take us out. Leave the stop in place and working.

30 Yr. Bonds…there are resting buy stops over 134.04 ( 106.48 TLT).

VIX…17.80 was the AUG high and a potential rejection point. Once above,VIX tgt’s closer to 20.

For Glossary of terms and abbreviations click here.