June 1, 2015 - 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
No current positions.
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Today's Working Orders
No working orders.
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Stocks...
Spu's...have to sustain over 2015 for higher. The low 2090's is near term support the first time down.
DAX...11,380 is the weekly closing hold level.
Bonds ...
Bonds...(U) Sept Bonds are lead months in the Futures.
I'll be focused on June for another week.
Mind the spreads. The Sept are trading at a discount to the June.
FX...
EURO...109.95 will act as resistance and the upside pivot. No change from Friday.
AUD/USD...76.25-40 is support. Closing below this level would be needed for a new leg down.
EUR/JPY...134.87 is support and the closing downside pivot.
EUR/AUD...142.77 are where the resting sell stops are. 141.87 is support and the closing downside pivot.
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Commodities...
Natgas...2.56 can be a bear trap. Natty is getting oversold.
2.62 will be pivotal all week. Good above/negative below.
Both Brent & WTI need sustained price action over Friday's high for upside.
General Comments or Valuable Insight
The early Equity game will be to see if there are any buyers. Failure to hold a rally after the first 30 minutes of the NY session should lead to selling into London's close.
For the rest of the board and individual instruments, it's the same monthly game as always.
Just ask yourself whether the instrument is higher or lower on the month and use Friday's close as your barometer. Good above/ negative below.
Full Moon Trading this week. The U.S is in Full bloom tomorrow night. Asia follows Wednesday evening. Should make for an interesting Mid-week shuffle.
Central Banks are front and center this week starting with the RBA tonight.
ECB Wed A.M.
Brazil Wed P.M.
BOE Thursday A.M.
Opec meets Wed & Thursday ahead of the formal meeting Friday.
Greece will be front & center with IMF payments due Friday.
U.S. Non Farm Payrolls Friday.
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For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
