June 4, 2015 - 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
No current positions.
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Today's Working Orders
No working orders.
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Stocks...
Spu's...have to sustain over 2015 for higher.?2095.50 is today's 50 DMA.
DAX...11,380 is the weekly closing hold level.
Bonds ...
30 Yr.... Will be a price action time frame trade today. They are getting oversold so be wary of selling weakness today.
FX...
EUR/JPY & EUR/AUD...have been the trade all week. Currency traders need to be aware of the flows.
EURO...keep your eyes on the Bunds if you're involved, they're trading the opposite of each other. Bunds down=Euro strength.
Commodities...
OIL...59 will be pivotal the rest of the week. There are just as many bears as bulls at this level.
We'll see who wins tomorrow.
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General Comments or Valuable Insight
Time Frame Trading today.
It's a good day to be patient and not chase direction. The moves were in early London.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
