April 24, 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

No Positions

Orders are "stop on close" unless stated otherwise
.......................................................................................

Today's Working Orders

No Working Orders

.......................................................................................

Stocks...

AAPL....resting buy stops are 575 tgting 584. 532 is support and the low risk buy zone.

Those that bought lotto tickets yesterday should take the bulk of the money on the opening.

FB...65 is mvg avg resistance.

Those that bought lotto tickets yesterday should take the bulk of the money on the opening.

Nasd 100...is at Fib resistance. This will be an opening range trade today.

GM,AMZN,MMM,SBUX are in earnings focus today.

Bonds...

Ten year... TYM...sustained price action over 124 will have investors selling equities.

FX...

GBP/USD...Buy stops are @ 168.46. This is a potential weekly double top area.

Commodities...

OIL...(M) 101.55 will act as the downside pivot. 100.35 is support and where I'm going to look for a reversal in direction.

Price action above 102.15 is needed for another $1.00 up.

Gold & Silver are breaking down.

Gold is getting oversold short-term. 1265 will still act as support and a possible bear trap the first time down.

Silver...macro sell stops are under 18.80

General Comments orValuable Insight

The metals are under pressure which is a direct result of higher equity prices. Sell rallies not breaks.

While the short-term time frames look a little oversold the longer time frame charts have farther to break.

Pay attention to the technical s of the instrument you're involved with.

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 looking for Equities to stay firm into next week.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.