April 21, 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
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No Positions

Orders are "stop on close" unless stated otherwise
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Today's Working Orders

No Working Orders

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Stocks...

NFLX...A close above 353 is needed for more upside.

JPM...55.55 is resistance and the upside pivot. Watch for market tone in the financials. It's short-term oversold.

Midcap 400 ( MVV)....are into resistance.

Bonds...

30 yr....133.16-18 will be pivotal.

TBT...66.24 is resistance and the upside pivot.

Bund...needs below 143.60 to see downside

FX...

EUR/AUD...148.40 is mvg avg resistance and the upside pivot.

By maintaining above, look for another figure.

EUR/JPY...141.30 is support. 141.92-98 is resistance and the upside pivot.

KIWI...NZD/USD...85.62 is support and the closing downside pivot.

Commodities...

Brent...109.00 is the hold # and the downside pivot.

General Comments orValuable Insight

Spu's need a couple of close over 1875 to show me there is enough juice for more than another 2 day rally back to where the market weakened from 2 weeks ago.

Oil & Gas names led last week. They are in need of a breather.

I would not be in a big hurry to get heavily involved today. Let the market set up to decide direction.

As always attention should be paid to the Equity Indices/Bond spreads in Europe and the U.S. for clues to the next move.

Opening Range Time Frame Trading again today.

Short Term View...

Keep trading to make money. The opportunity will be in individual names.

Individual stocks look to be an easier read based off their own technical's.?

We are Neutral Equities.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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