April 25, 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.

Europe is heading for the exits.

Vlad the Impaler is shading enthusiasm for any squeeze up into month end.

XLF... is breaking down below 2190.

AMZN...the first downside wave count tgt is 302.

Nasd 100...3500-11 should give the sell off a breather the first time down.

PCLN...macro sell stops are @ 1141 tgting the 200 day @ 1110.

NFLX...needs price action over 342 for bottoming action.

SMH...44.51 is mvg avg support and the downside pivot.

VIX...14.40 is mvg avg resistance.

ASX...ASX 200 Futures...a close today below 54980 would put in an ORL day. This would signal game over for most equity indices.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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