January 24, 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.

Markets are following the same script on a daily basis with selling of Equities into London's close.

DAX...9386 is weekly support.

Nikkei & Midcap...are working on ORL weeks.

15,390 is the Nikkei #

132370 is the Midcap #

GOOG...had a minor pressure release to the 18 day @ 1132

CAT...85.40 is the 200 day mvg avg and support. Getting to this level, Cat will be a very oversold and due for a bounce.

VIX...has come too far @ 16.89 right into weekly resistance with a potential Monthly double top.

The last time we were up here was the break in Equities 12/16/14 on the Fed meeting taper announcement.

I'm tempted to buy EWW but I just don't have the stomach for it today.

The Bond Futures are not running higher.

By days end it will likely be evident that I wet my pants and am in need of a Costco run for a set of double bagged depends.

The afternoon trade can be a total opposite from the A.M.

Time Frame Trading the rest of the day.

For Glossary of terms and abbreviations click here.

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