October 23, 2014 - 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????????????????? TGT

Short (EU6Z) EURO ? ? ? ? ? ? ? ? ? ? ? ?? 127.27? ? ? ?? 127.43???????? 124/122
Short (DA6Z)AUD/USD????????????????? ?? 87.82??????????? 87.85

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Today's Working Orders

No working orders.

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Stocks...

Spu's...as seen on the point & figure, after 5 days of a relentless 100 point rally with no consolidation, we finally got some back and fill yesterday.

Now we have a range to judge the next move. Sustained price action above 1941 will get us to 1956.

Price action below 1922 should see a retest of the 200 DMA.

AAPL...this would be a good buy @ 100.

Bonds ...

30 Yr. Futures...141.22 is Fib support. Price action under 142.09, short term support,

is needed for lower. Resistance is 144.10.?

Bund...has a double top @ 151.12. 150.00 is mvg avg support.

FX...

Euro...needs to maintain under 126.90 to extend lower.

AUD/USD...needs sustained price action below 87.50, the qtrly close, for more weakness.

Futures (DA6Z) are trading app 30-32 tick discount to cash.

USD/JPY...is caught between 107.65 (92.89 Futures) and 106.30 (94.07 Futures).

I'm looking to add a Short Yen to my long dollar position over the next week.

Commodities...

OIL...80 dollars is natural support. Sustained price action under targets 77.50 with the next set of macro sell stops @ 77.28.
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Brent...84.50 is support. This now becomes the downside closing pivot as well.

General Comments or Valuable Insight

Keep it simple today. Just use the opening ranges and the first couple of minutes of price action to see what's what.

Trade the capital flows today and be aware of your time frames.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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