April 30, 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.

Euro...the resting buy stops are over 138.80, today's ORH#

Gilts...a close today over 110.30 puts in an ORH day. Today's low is it's 200 DMA.

KBE...a close over 32 will provide short term bottom to trade against.

IBB...has held for now. The Risk to be long is today's low with a 240 tgt.

V...Visa gains upside momentum over 205.

BHP...a close over 70.80 is needed for a test of the recent high of 72.

XLI,XLB,& XLK...are three sectors that can be traded from the long side against today's lows.

GS...support is today's low. A close over 160 is needed for more upside.

European Indices have been run up into their monthly closes.

This marking and capital flow is now over.

The rest of the day will be a time frame trade after the release of the Fed minutes App 1 P.M. CDT

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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