April 11, 2014 - MDT - Expected Price Action

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.

Nasd 100..should have a bounce off the 200 day @ 3365 ish.

Shorts should be out of the bulk of their position @ this level.

This is the spot to be taking off (locking in profits) on 75% of your Long VIX as well.

It's still a Nasdaq show with the Futures running the board!

Spu's... 1800-05 is macro support, closing below is very negative on my work.

This opens up the possibility of running the macro sell stops @ 1732

leading to a low risk buy zone around 1685.

Keep your eyes glued to the Ten year note (TYM) for confirmation of further weakness.

Please read my medium term outlook.

My dream trades do not seem so far fetched.

For long term "buy and hold investors" 3250 ish is where to look for a big bounce and possible longer term low.

Everybody is telling you to buy on Financial Media.

It's great for them, it's not their money.

I'm still smarting from buying the first dip in Nasd in 2000.

This is not a mistake to repeat. Be patient and await your technical areas to minimize your risk.

Keep trading to make money. I'm of the view that the calendar works against the buy & Hold crowd until late summer/early fall.

In the meantime you have to trade a level at a time.

Trade to make money, not to be right. Being right is a by-product of trading from the right side of the market at key technical levels.

Next week, mid-week, look for technical lows to generate rallies.

If the market is going to stabilize, this is when to look for the highest probability of bottoming.

Next weeks mid-week shuffle!

Here are but a few names:

These are all major meltdown levels.

The market would have to have a major meltdown to see any of these #'s. The Spu's would have to take a trip to below 1700.

BUY LNG @ 31.50
BUY GOOGL @ 430
BUY AAPL @ 395
BUY IBB @ 167
BUY BRKA @ 131,000
BUY AMZN @ 225
BUY DIS @50
BUY FB @32.75
BUY?YAHOO @ 23.60
BUY?SSO @ 62
BUY?XLV @ 41.50
BUY?AMZN @ 222
BUY?QQQ @ 60

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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