April 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
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...
Nasd 100...3570-78 is the resistance area for this swing.
AAPL...as long as 530 holds I'm friendly. 538-539 is first resistance.
Earnings are tomorrow and Apple has had a nasty habit of being down after earnings.
Weekly options are the way play this if you want some upside exposure with a known downside.
LNG...has been the best buy on dips stock on the board over the past 2 years. Every 10% break has been met by willing buyers.
55.35 will be pivotal the rest of the month. This has room for another 10% move to the upside over the next couple of weeks by holding the Pivot.
JNPR...price action over 25.60 will lead to more upside.
MPC...as long as this holds 88.20 there is room for a move to 95.
FSLR...put in an ORH day. Sustained price action over 70 would confirm the pattern breakout.
VRTX...is an oversold Pharma name. By holding 64.15 on a closing basis, this can trade back into the low 70's
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Bonds...
30 yr...the current range is 133.18-134.10. Sustained price action through either side is needed for follow through.
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FX...
AUD/USD...93.20 is mvg avg support. 93.95 is short term resistance.
GBP/USD...Buy stops are @ 168.46. This is a potential weekly double top area.
A violation of this level leaves way for a run to close to 170.00.
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Commodities...
OIL...(K) May Oil expires today. A close over 105 in June (M) is needed for an upside breakout.
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General Comments orValuable Insight
I'm looking for the Equity Indices to remain firm through month end markings and into May unemployment data release.
Trading opportunity will be found in playing the Little lotto.
Click the earnings calendar on your favorite financial website and look for names that appeal to you.
Look to play names with weekly expiration s.
HOG,ITW,VMW,SWKS,SKX all report today.
Opening Range Time Frame Trading again today.
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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.