February 3, 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

APPL Long????????????? ? ?? ????? 520.70

Orders are "stop on close" unless stated otherwise.

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

Today's Working Orders

Spu's...(ESH4)?BUY?@?1732?? GTC

Nasd 100...(ENQH)?BUY?@??3441?? GTC

USD/JPY...Sell?Yen @?100.35 (H) Futures..or

Buy?USD/JPY?@?99.65?? GTC

GTC...Good Until Canceled

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

Stocks...?

Spu's...resting sell stops are below 1760. Weekly price action over 1787 is needed to think we've seen a good low.

Nikkei....Needs to close over 15,000 for a couple of days to rally.

F....Ford is worth keeping an eye on. It's oversold short term, however price action below 14.30 with a Risk Off board could lead to a break closer to 13.

Bonds...

30 yr. Bonds...134.22 is the continuation 200 day mvg avg.

FX...

GBP/USD...163.00-30 is support and the downside pivot in the Pounds.

USD/JPY...sustained price action under 101.60 (over 98.45 Futures) is needed for more upside in the Yen.

Commodities...

Oil...96.85 is support. Sustaining below, look for another dollar.

General Comments orValuable Insight

Keep it simple...

Use Friday's closes as your near term pivots in whatever instrument you're trading. Good above...negative below.

Trade at technical levels.

Every instrument is an island unto itself.

We'd like to see the December sell stops get elected in the S&P 500 below 1760 before we look for a trad able low in the Equity Indices.

We're looking at the buy levels in the Equity Indices for a short term bounce only!

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 technical s.

We are neutral Equities. The next several weeks are setting up to be a big trading affair.

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.