August 6, 2013 - 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
?????????????????????????????? ?????????? Entry?????????? Stop?????????? Targets

Short Euro ???????????????????????? 133.40????? 133.40???????

Long Line (Sept 28 Calls)??????? ?? 1.30

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Stocks..

Same game , another day. A lot of stock rotation with no movement in the indices,?however there is lots of opportunity in underlying names.

Bonds...

30 yr Bonds...are stuck in the middle of the unemployment range.
A new signal is needed above 134 or below 132 for a new move.

On the continent the Italian 10 yr. is rallying against the Bunds and our 30 Yr. Bonds.?This bears watching as their interest rates go lower against our rising rates in a perceived?relief of stress in the Southern Euro Bloc.

With all the bad news out of Italy their rates are easing.

FX...

AUD/USD...90.00 is near term resistance matching 147.40 support in EUR/AUD.

Commodities...

Oil...is caught in a 2 dollar range. You can day trade the range before tomorrow's
inventory # when we expect a move out of this area.

Gold...is into support, which was close to the lows of Friday.

General Comments or Valuable Insight

Friday's ranges ( Unemployment highs and lows) are important in the Metals and the Bonds. Breaking out of those areas will elicit new measured moves.

Short Term View...

Trade instruments off their own technical s

The beat goes on with low volatility making it great for investors
and putting guys like me into a semi comatose state that thrive on volatility.

Nobody is trading the Equity Indices other than the bots. Most trading rooms have one guy left?on duty to hit the kill switch on the computers in case of extreme volatility.

The big game starts the third week of Sept. when the board heats up for the year end run.

For Glossary of terms and abbreviations click here.

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