February 26, 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.

Nasd 100... is key. resting sell stops are @ 3668.50.Closing below this level will be price negative and very bullish bonds.

TLT...looks headed towards 110 with a confirmation today from the "USAH" 30 yr. Bond Futures over it's 200 day mvg avg of 133.20 .

OIL...I want to sell @ 102.85 today. I'm looking for today to be the high for a while.

This level would have to trade and reject quickly for at least 80 cents to confirm the level. (Print 102.85 and then break through 102)

This is a trade for pros only, since it is a trade that has to be managed.

For a pro trader you'd have to try the level with a 30 cent stop and then look to re sell if proven wrong.
On an inventory day there is always the outlier that we can get closer to 105 before topping, however I am looking for today to be a high for a while.

Soybeans...14.45 is my high level for the qtr.

In the medium term view 1/2/14

I had stated the beans were in a 2 dollar range from 12.40 - 14.45.

Gold...sell any rally close to 1340 with a stop over the high. April is now front month.

The spread is nominal. Continue to use the the macro (G) Feb #'s going forward.

Bunds...144.57 is a potential double top.

Be very careful where you trade the Euro.

136.50-25 is a support zone.

This is an exit area the first time down.

January, 2014 MediumTerm Outlook-1st-qtr-2014/

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.