September 27, 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?

......................................................................................................................

Today's Working Orders...

No working orders?

....................................................................................................................

Stocks..

Spu's...1682.50-1683.50 is support and the downside pivot.
Nasd 100...needs a close over 3240 for higher.

DAX...8665-80 will be the pivot
Bonds...

30 yr. Bonds...132.15 -18 is the support zone.

Bund...by holding above 140 this has the potential for another 200 hundred points

FX...

Euro...133.60-70 is support

Commodities...

Precious Metals...these will be in play next week.

General Comments orValuable Insight

The momentum stocks like FB, IBB,LNG,YHOO,NFLX,PCLN et al continue to be the place to trade. Regardless of the rest of the board these look to be the recipients of positive flows going into Monday's close.

Washington politicians are being themselves which makes trading decisions tough.

It will be easier to trade individual names than the Indices.

The usual show makes me reticent to do anything but pick at a few individual names for a trade.

The 30 yr. needs another close over 133.15 to get some upside momentum going.

Spu/Bond spread is parked right on the 50 day mvg avg which puts me in the wait and see mode.

DAX/BUND...can stop in here with the Spu/Bonds, however the "Long Bund" side of the spread looks to lead with a Risk Off board. There is room for upside in the Bund.

I'd like to buy the Aussie again but we'll have to put this on the back burner until

the crosses EUR/AUD & AUD/JPY give me a technical match with AUD/USD.

Long Aussie is typically viewed as a Risk On trade so I'd rather be patient and wait for the D.C. noise to end.

Next week we'll be compiling our medium term qtrly update.

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.

There will be a lot of jockeying and position marking from today into Monday's close.

Most of this price action I'd rather leave to the robots.

For Glossary of terms and abbreviations click here.

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.