July 18, 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?????????? Target

Long SX???????????? 12.62????????? 12.62 ????????? 15

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Stocks..

GOOG...earnings today.
EWW...closing above 69.17 will lead to a test of the highs
EWZ...closing above 45.22 is needed to get value investors to start another Bull run up.
DXJ...maintaing above 47.95 keeps this firm. Look for this to test 50.15 next.

Bonds...

Bunds...143.75 is closing support. 144.43 is resistance. Above this level look for another swing up in prices.

FBTP...( Italian 10 Yr) a close above 110.63 will lead to lower rates.

FX...

EUR/AUD.... 142.79 is pivotal. Maintaining and closing above this level will lead to a test of 143.60 and then as high as 147.00 going into month end.

Commodities...

General Comments orValuable Insight

Instruments are trading within recent ranges.
Less is more. The world will be hitting the beaches.

It will be just you and the bots trading after London's close today.

I would expect little reaction to Bernanke's testimony today.

The Punt (lotto ticket) of the day would be to Buy some GOOG calls 30-40 dollars higher?later in the day to see if you get lucky

Short Term View...

Trade what is in front of you.

Those wishing to make a bet can still trade options on the S&P 500 Futures which expire Friday and 30 yr. Bond options expiring the 26th before before 7:30.

Markets are trading over previouly well trodden levels. Time to keep your powder dry and stay out of trouble.?

For Glossary of terms and abbreviations click here.

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