September 22, 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

Long IAT?????????????????????????????????? 34.13????????? 34 Close

SHORT 2? USAZ ?????????????????? 136.28?

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Today's Working Orders

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Stocks...

IYT...put in a potential topping pattern with an ORL day. Price action and a close under 154.00 is needed for lower.

X...put in a potential topping pattern with an ORL day. Price action and a close under 44.60 is needed for lower.

Spu's...either hold the lows they put in last night or trade into 1978.

Equity/Bond...spread came into trend support on last night's low.

DAX...held support last night. 9838 is resistance. A couple of closes over 98.65 is needed to start a rally.

APZ...ASX Futures...the monthly chart pattern only turns negative with closes below 5330.

Bonds ...

30 yr. Bonds...(Z) either roll back below 136.20 or they have a rally which needs over 137.09 to go another 20-30 ticks. For this to happen you'll need more Equity Index weakness.

Bunds...bottomed first for a rally. Traders are still buying the Bund against shorting the U.S. 10 yr.

FX...

AUD/USD...89.16, last years close in the Aussie, is pivotal for any price recovery.
By remaining under 89.16 Aussie can work towards 85.00

EUR/AUD...this is the cross to keep your eye on as it telegraphs which currency is leading Dollar strength, Euro or Aussie.

EUR/JPY...closed right on it's 200 DMA Friday. 139.80 will act as support and the downside pivot.

Commodities...

OIL...(V) expires today. There is an -80 cent spread to (X) November contract.

General Comments or Valuable Insight

I was looking for the price action that happened last night to unfold during the day on Friday with the Bond & Spu .

Trade the opening ranges today. If the Equity Indices can get anything going under last night's lows I'll close out the Bond short and wait for another point higher to try it again.

Time Frame Trading today.?

?Transports

?U.S. Steel

Bund..? 10 Yr German Bond

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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