August 20, 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

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Today's Working Orders

SELL Yen?@ 97.64... "BUY USD/JPY @ 102.45"

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Stocks...

VIX...12.66 is the 50 DMA resistance and the short term upside pivot.

13.62 is the 200 DMA.

Nasd 100...4080 is the first exit level for this swing. 4160 matching the 2000 semi annual high is the second tgt.

Tech and Biotech is not done. At some point nasd will trade those levels and higher.

Bonds...

TBT...needs price action and a close over 58 for escape velocity.

FX...

GBP/USD...166.77 is today's 200 DMA & last night's high. Only closing over 167.30 is short term positive.

EURO...has lower targets, however it is trading oversold. Sell rallies not breaks.

USD/JPY... is quietly going higher. (? breaking down against the Dollar.) 102.45 (app 97.65 Futures) is a low risk place to sell Yen and buy Dollars.

Commodities...

Crude...Sept. Expires today. 96.42 is momentum resistance followed by major mvg avg resistance @ 97.51-63.

Sept and Oct look different. The Oct. (V) contract could rally to 95.00 while the Sept contract needs over 97.50 for higher.

General Comments orValuable Insight

Welcome to the Mid-Week Shuffle. Let's see if today precipitates one of those mid-week breaks to nowhere.

Today will get busy when the Fed minutes are released @ 1:00 P.M. CDT.

Managers have been playing the Vix? Mid Week to buy portfolio insurance without selling stock.

This has been a low risk strategy, provided you kick out the insurance once you see a trad able low in the Indices.

NASDAQ 100 Futures

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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