April 22, 2014 - MDT - Midday Missive

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.

Spu's, Dax, Nasd 100, NFLX, IBB have all hit resistance and their upside closing pivots.

This is not the time not the place to press direction in the Indices.

Pay attention to the 30 yr. Bonds for their weakness translates into support for the Financials.

JPM is attempting an ORH day. A close over it's 200 day @ 55.60 would be very Bullish.

I'd initially look for a test of 57.

FEYE...is attempting an ORH day with a close over 49. This is attempting to bottom. Anything close to 49 is a low risk buy.

GOOGL...549.50 is next resistance and the upside pivot for another 20 dollars.

LNG...I'm looking for 61.

Trade every instrument off it's own technicals.

Time Frame Trading the rest of the day.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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