August 19, 2013 - MDT Pro Tips

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 or working orders

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Stocks..

Spu's...Sustained price action over 1655.75 is needed for any upside to materialize.

Nasd 100...technically looks more vulnerable if the rallies fail at? 3090.

A?PPL...John hit it big with this one! 519 is resistance with 532 looking to be the weekly upside extreme.

The Long/Short hedge Funds have been buying this against short PCLN & GOOG.

PCLN...has the same chart pattern as Silver did when it double topped @ 50 in 2011. Closing under 933 will lead to more weakness. ?

Bonds...

30 yr. Bonds...129.11 +- a few ticks is where any shorts should look to cover the first time down.
FX...

Investors continue to favor long EUR/JPY & AUD/JPY as the way to?trade the Currencies.

EUR/AUD...needs to close over 146.30 to think the Aussie is done rallying.
Commodities...

Silver...the upside seems limited to 23.80 form here. Price action under 22.80 would be needed for signs of the rally stalling.

General Comments or Valuable Insight

The metals and miners have had significant moves. They are both in areas where you want to tighten up your trailing stops. Tomorrow, going into Wednesday can see this current up move stall out.

U.S. and German rates have climbed significantly over the past week.?Both the Bunds and the 30 are getting oversold on the shorter term?time frames, which simply mean that selling weakness at these levels is less likely to be rewarding.

The mid week shuffle this week has the potential for opportunity given it coincides with a Full Moon.

Expect volatilty mid week as markets try to maintain or change current direction.

Short Term View...

Trade instruments off their own technical s

Time Frame Trading.

For Glossary of terms and abbreviations click here.

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