September 16, 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?????????? Targets

Long AAPL? ? ? ? ? ? ?? 467 ? ? ? ? ? ?? 460.50

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Stocks...

Spu's...1704-05 will be pivotal early.? Below, the Spu's could try to trade back to 1690.

Bonds

30 yr. (Sept)...133.15 is resistance and the closing upside pivot.

FX...

USD/JPY...98.27 is Dollar support/ Yen resistance ( 101.76 Sept. Futures)

GBP/USD...157.20-50 is support. This is also the ORH Qtrly level, which will be a key focal point going into month end and beyond.

EUR/AUD...142.27 is a weekly double bottom (support) with stops below. The upside breakout is above 143.80 close.

EUR/GBP....83.98 is the Qtrly ORL #. This level will be running the price action in this cross for the next couple of weeks.

Commodities...

Brent...(X) 108.70 is the 50 day and first support. 111.60 remains resistance and the upside pivot.

WTI...106.40 was last weeks low. This is support with sell stops below. 105.95 is the 50 day.

Gold & Silver have rallied into near term resistance last night.

Old support is now resistance.

General Comments or Valuable Insight

Brent Oil will be a better trade than WTI until Friday because the technical numbers set up better.

Now that the Spu's & Nasd have made new yearly highs last night the game will get interesting.

First we need to see if the equities can continue to hold the breaks in the early part of the week. The second half of the week is when the complexion of the board can change.

Yes, the mid week shuffle this week will be a real ball buster with the FED, Full Moon and Expiration s in a myriad of Futures.

Use your opening ranges for market tone and don't trade in the middle.

Short Term View...

Trade instruments off their own technical s

Time Frame Trading.

Trade location will be imperative this week
Trade idea of the day...

Buy AUD/JPY @ 92.15 the first time down with a 25 point stop.

For Glossary of terms and abbreviations click here.

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