October 4, 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

No Positions?

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Today's Working Orders...
No working orders.

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Stocks...

Bonds...

FX...

AUD/USD....94.59 is the ORH weekly #

GBP/JPY...shows a monthly double top working on an ORL week to
the downside.

USD/JPY...96.63 is the 200 day today (app 103.48 Futures)

Commodities...

Oil...104.70 resistance. Look for price rejection the first time up.

General Comments orValuable Insight

There is nothing new to say at this point. Levels have not changed in the Equity indices or Bonds.

I'm still friendly to the Aussie which needs a close over 94.59 for an ORH week.

The technical models are all turning down in the Equity Indices. This is a lagging indicator which tells us to be cautious for the next couple of weeks.

"It's too soon for me to buy and hold"

Short Term View...

We're in a game of picking the next low for an attempt back to the highs in the U.S. Equity Indices. Right now individual stocks look to be an easier read based off their own technical s.

Go with the flow. Use Monday's closes as your pivots to trade the opening ranges and early time frames.

For Glossary of terms and abbreviations click here.

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