July 10, 2014 - 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

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No current positions

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Today's Working Orders

No working orders

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Stocks...

SPU...the weekly sell stops are @ 1948. Price recovery back over 1955 will trap the shorts.

Nasd 100...hasn't broken anywhere. It's still holding higher on the qtr. above 3846.

DAX...9600 will be the barometer for world indices. A couple of closes under this level will trigger that summer sell off in Equity Indices.

Bonds...

Bunds & Gilts...are leading the world Bond markets, as investors seek solace in German, British and U.S. Treasuries.

Both the Gilts and Bunds seem overextended.

FX...

USD/JPY...101.23 (98.80 Futures) was the June high in Yen. This level can trap traders the first time up.

Commodities...

?Gold...has broken out of it's qtrly range to the upside.

OIL...is getting oversold. I'm not going to pick a low.
General Comments orValuable Insight

?The board is still an Equity Index / Bond spread regardless of the continent.

Given the length of the rally in the Bunds & Gilts and the Dax closing in on 9600, I would just let the day set up to see if peripheral banking unrest and Israel's Gaza offensive will spill over to the U.S.during the New York session.

Equity Indices have to find footing today to avoid a bigger sell off.

Gold and Silver have had big rallies. Traders should be patient to see how the Gold back and fills. You're looking to see a hold in the low 1330's.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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