July 2, 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.

Stocks..

VNM...needs to maintain above 18.90 and close over 19.15 for higher.
FXI...needs a close over 32.90 for bottoming action.
EWZ...needs a close over 44.50 for bottoming action.
EPI...could get as high as 16.95
Nikkei..14,150 is weekly resistance. 13,900 is closing support. this area has to hold to avoid a retest of 13,500.
XHB...30 is resistance.
XLB...has to maintain above 38.30 to avoid lower.
XLU...Put in an ORL day. By maintaining below 37.30 and closing below 37 you should see lower prices.
TM...has been on a run with the Nikkei. Closing above 123.25 is needed for higher.

Bonds...

30 yr. Bonds...by maintaining above 135.10 this has the potential to reach 138.
TLT...needs to maintain above yesterday's low. Price action above 110.80 is needed for higher.
TBT...71.00-70.55 is the lowest risk buy zone.

FX...

AUD/USD...double bottomed @ 91.10 in early Asia. Treat that as a trad able low and ?a closing macro pivot. 92.55 is the upside pivot.

AUD/JPY...92.49 is the 200 day mvg avg.

Euro...sustaining over 130.80 is price positive. Traders that wish to be long should consider doing it via the Yen or Aussie cross. 129.90 is support and the closing downside pivot.

Commodities...

General Comments or Valuable Insight

I'm not crazy about the equities and the emerging markets are still under pressure.

My computer is going to sleep and so am I. We're out the door
before dawn for a flight.

We'll write again Wednesday.

All traders should cut back their size this week and don't fight the flows!

Short Term View...

Whether you are trading Equities,Bonds FX or a Commodity it makes no difference,use Friday's closes in everything as your short term pivots. Good above,negative below.

Time to be a technical trader and robotic ally trade the extremes. Forget the fundamentals.

Pay close attention to your time frames and ebbing capital flows.

For Glossary of terms and abbreviations click here.

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