December 23, 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 ???????????????TGT

APPL Long ???????????? ?? 520.70 ????? ?? ???? 518 ???????????????600
SSO Long ??????????????????? 98?????????????? ??? 104
SFH Short ????????????????? 111.76 ???????????? 112.25
USH Short ???????????????? 130.08
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Today's Working Orders

Sell?AAPL @?518 stop close GTC?

Sell?Yen?Futures @ 96.80 GTCBuy

USD/JPY @?103.25? GTC

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Stocks..
APPL...holiday bonus! Apple signed the China Mobile deal last night and is up 20+ dollars.

30 Bonds...

30 yr. (Mar)...we had an order to sell the 30 Yr. Bonds @ 130.08.
The high late Friday afternoon was 130.08. It looks as though we got filled last night.

Check to see if you were filled, it's holiday market time and some rogue quotes were put up on my system in early London.

It looks like the steepeners were still being liquidated in thin holiday markets in the early Europe.

Most systems show a high of "135.23" in the March futures last night.
I doubt it's a correct price. Check with your data provider whiler they are waiting for confirmation of the correct high from the CME.

If you were not filled ...cancel the order!

Those that were filled place an order to BUY 1/2 the position @
129.24

FX...
Short Swiss Franc is working on every cross, unfortunately we are just short Swiss , Long USD/CHF outright

Commodities...

Gold...the macro sell stops are under 1180. The longer term downside tgt is the 1080 level.

General Comments or Valuable Insight

There is nothing to do but ride the ride and be fat and happy!

Eat well, have fun, and enjoy your holiday!

Markets will be extremely thin.

We've canceled some resting sell orders in the Euro , not because we don't think the levels are good for a rebound, it's just we know everyone would prefer to be left in holiday mode.

Short Term View...
Keep trading to make money. The opportunity will be in individual names.

Less is more this time of year.

Individual stocks look to be an easier read based off their own technical s.

We're looking for the Equity Indices to rally through the first week of the year.

For Glossary of terms and abbreviations click here.

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