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December 12, 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
*** * * * * * * * * * * * * * ******* Open******* Stop*********** * TGT
APPL*** Long** * * * * * * *** 520.70****** 518************** 600
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Today?s Working Orders
Sell AAPL @ ?559 stop OCO 581 GTC 1/2 remaining position
Sell AAPL @ 518 stop GTC 1/2 remaining position
OCO = One Cancels the Other
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Looks like it will be a couple of more days before I can spend any serious amount of time at the screen.
This is the last piece until next week.
Stocks...
Spu?s?I have an interest @ buying 1726-30′s.
The big game is next week as 2014 will begin to set up.
1777.75 was last weeks low and this weeks ORL#. There will be stops below and this is a level the Spu?s need to close over Friday to avoid lower into the Fed meeting Wed.
NASD 100?3453.25 is the weekly ORL#
SSO?94.84 is the weekly ORL#
VIX?15.71 is the weekly ORH#
SPU/BONDS?are trading under the 18 day mvg avg, a level we?ve been above since Oct 10.
Bonds?
FX?
EUR/AUD & EUR/JPY?have been the features in the currency trade.
EUR/AUD?looks like it wants to test 153.70 next.
Both of these crosses will be pushed higher into year end.
AUD/USD?caution selling into 90.00 as it?s a natural #. The macro sell stops are @ 88.48. If elected this would tgt another 2 cents lower.
Commodities?
Gold?needs above 1270 to rally. Small qtrly sell stops are @1206.90.
General Comments orValuable Insight
We were stopped out of the TBT on the low.
AAPL is the only position we have on. We?ll leave the orders as is.
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