December 23, 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

LONG? JJG?????????????????????????????????????????? 38.21?????????? 38.60 Intra-day? 42.00

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Today's Working Orders

No working orders.

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Stocks...

Spu's...as long as 1260 holds on breaks downside is limited.

2020's would be a gift to buy Spu going into year end.

Nasd 100...4258 is support and the downside pivot. Below you could see a 40-50 point break.

Bonds ...

30 yr. Bonds..trade the price action. 142.27 is support.\

FX...

EURO....123.75 is the low risk sell zone.

DXE...the dollar index put in an ORH week. I need to see sustained price action above 90 to signal follow through.

AUD/USD...a close over 82.45 resistance is needed for a rally.

Commodities...

OIL...57.70 is short term resistance. Sustained price action over this level is needed for upside follow through.

Brent...60.00 is support and the downside closing pivot.

General Comments or Valuable Insight

It will be just you and the bots.
This Human will not write again until next week.

The board will be all about which names can get pushed on a given day.

Any low volume Equity Index break should be viewed as an opportunity to get long going into the new year.

Sell any rally in the major Currencies going into year end. "Euro,Yen,Pounds"

Tomorrow is a half day of trading with early closes in NY and Chicago.

I would expect the Holiday cheer to continue with a low volume marking of assets.

Time to power down the computer and enjoy the holidays.?

I wish to take this time to thank all my loyal readers.

My goal is to make you a more productive investor through ongoing education with real time information that provides actionable trading ideas that make you money.

Suggestions and of course accolades are always welcome.

I'll be meeting with fearless leader "John Thomas" today at Chicago's strategy luncheon.

I look forward to seeing many of you there.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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