April 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
We were stopped out of both positions last night.
Orders are "stop on close" unless stated otherwise
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Today's Working Orders
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Stocks...?
DAX...9600 is resistance. the sell stops are @ 9498 today's ORL#. Then look for a test of 9440.
Nasd 100...back under 3576 will propel the Bonds even higher.
IWM...under 113.50 would precipitate downside momentum.
?
Bonds...
30 Yr. ... we were stopped out of the Bonds last night @ 133.04. Brutal!
A close today over 133.22 puts in an ORH day.
10 yr.. (TYAM) 124.23-27 should trade.
FX...
USD/JPY...we were stopped out of the Yen shorts in London.
There are resting buy stops under 101.20 (over 98.80 Futures)
AUD/USD...is looking a little over stretched around 94.55. Once through there is not much until you hit multiple matches starting @ 95.75-85.
Futures are trading an app 40 point discount to cash.
NZD/USD...the Kiwi has come a long way. 87.90 starts macro resistance with 88.45 the 2011 high.
This is a substantial macro area that will be tough to penetrate the fist time up.
EUR/AUD...sell rallies against 147.85 until proven wrong. This cross is getting a little oversold short term, however the longer term charts show much lower targets.
USD/CAD...is directionally challenged. Price action over 109.00 ( under 91.65 Futures) will elicit profit taking.
Commodities...
OIL...price action below 102.80 will run out weak longs.
Gold...I'm looking for this to trade into the 1328-33 area.
Closing over 1336 will lead to another 30+ dollars.
General Comments orValuable Insight
With the Bonds remaining firm, this should keep the Gold firm.
They'll travel in the same direction.
The Nikkei is not looking too good.
The U.S. Equity Indices went up on air into some good resistance.
The world Bond markets are going into rally mode.
Opening Range Time Frame Trading again today.
Short Term View...
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical's.?
We are Neutral Equities.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
