August 13, 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

SHORT USAU ( 30 Yr. Bond Futures) ? ? ? ? ?140.00???????????????????????????????? 137.15

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Today's Working Orders

SELL?USAU?(30 yr. Bond Futures)?@ 140.14

BUY 1 USAU @ 138.16

BUY GBP/USD @ 166.75

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Stocks...

Spu...1939-42 is resistance. 1952 is 50 DMA resistance.

Nasd 100...looks better than the broader market. 3910-15? is resistance and the closing upside pivot. Do not fade price action above 3920.

Midcap 400...138600 is closing resistance.

DAX...9200 is resistance and the upside pivot for more strength.

VIX...sell stops are below 13.64 the 200 DMA. Electing these stops and remaining below, could see the Vix go to as low as 12.60

Bonds...

30 Yr. Bonds...138.12-15 is first support. The Bonds traded our first cover level last night @ 138.16, however since it was the low tick I doubt anyone who had a resting order could get filled.

We want to pay for this Bond trade into this area!

We'll give this some time into Chicago's opening to get filled before we decide to just go to the market on the price order.

TBT...first resistance is 58.73 followed by 59.90.

FX...

Euro...Price action and a close under 133.30 is needed to see another 100 point sell off...

GBP/USD...is attempting an ORL day with a close below 167.54.

166.64 is the 200 DMA support and a good place to look for a bounce with the RSI's getting oversold.

Commodities...

Brent...101.62-88 is the next level of interest.

Oil (WTI)...sell stops are @ 96.55, which would take this to around 96.25-15 for a first extreme.

Sell rallies/not breaks

LCQV...needs back over 148.30 resistance for a rally to form up.

General Comments orValuable Insight

Equity Indices held last weeks highs on the break yesterday. This is exactly the kind of price action the Bulls needed for the pattern to remain positive.

It's the mid-week shuffle, let the game begin.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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