February 12, 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

QQQ? Long FEB 14 89 Call 2/22 exp ? ? ? ?.23 cents

Orders are "stop on close" unless stated otherwise
.......................................................................................

Today's Working Orders

No working Orders

..............................................................................................................................

Stocks...

Nasd 100...3584 is support and the short term downside pivot. Buy stops are over 3630-35.

KBE...needs all new closing strength over 32.45 for another run to retest the ORL reversal # of 33.

KRU...the regional banks need to hold over 82.20 for higher

X...put in an ORH day yesterday with a close over 26.06. 24.46 is a monthly double bottom and support. A firm X will spillover to other assets.

Bonds...

30 yr. Bonds...132.28-30 will be pivotal all day. Sell stops are @ 132.00 which could give way to 131.23 weekly & monthly support.

FX...

EUR/AUD...attempted last weeks low of 150.30. A weekly close under 149.40 is needed for downside acceleration.

Commodities...

Oil...100.75 should be watched for a possible double top. An attempted new high followed by a close under 99.55 should be viewed as negative.

FYI...the Midwest is warming up enough for me to venture outside today!

General Comments or Valuable Insight

I was quite surprised that Silver & Platinum didn't have more of a bid yesterday, but then again, GOOG,AAPL,PCLN and that ilk do not use those metals to produce anything.

Nasdaq is leading the rally.

It's the Mid-Week Shuffle...pay attention to the game today.

Short Term View...
Keep trading to make money. The opportunity will be in individual names.

Individual stocks look to be an easier read based off their own technicals.

We are positive Equities.

For Glossary of terms and abbreviations click here.

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.