May 7, 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 workin orders.
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Stocks...
Spu's...sustained price action and closing under 2054 should lead to a running of of the 2033 pattern sell stops and a test of the 200 DMA 2025-22.
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Bonds ...
30 Yr. Bonds... we got the print @ 153.11 last night. This is an exit zone for Shorts...Long TBT.
Bunds...imploded last night completing a 30% retrace of the past 2 yr's.
The qtrly chart shows a major longer term top forming.
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FX...
Commodities...
OIL...after taking a look at the longer time frame charts and where it stopped mid-week, I pulled my order to buy. This will need a day or two to sort itself out.
We either get a little more weakness and rally back up or we see the start of a move into the 55 handle.
Point & figure shows anything under 60.25 will weaken the Oil.
General Comments or Valuable Insight
There's something happening here what it is ain't exactly clear."Buffalo Springfield"
We'll let Yra shed a little light on us.
http://yragharris.com/2015/05/06/mindgames/
http://yragharris.com/2015/05/06/screaming/
Everybody look what's going down...Bond Futures and the Dollar
Bonds markets have come a long way down since last Tuesday into target and over sold territory. Beware the biting bear.
Trade the big macro areas or stay out of the mix.
Time Frame Trading!
BUND...German 10 Yr.
30 Yr. Bond
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
