January 29, 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, Midcap & Spu's all held the daily ORL levels.

They all elected the near term stops and held.

As long as those levels hold it's good, however price action below those levels can lead to our overextended levels being reached.

VIX...the opening high seems to be a descent match with the Equity Indices. 17.28 is today's gap fill. This level should be telling for the next move in the Indices.

Sustaining Below.."Risk On"

Holding...""Risk Off"

Use it as an indicator for short term market tone.

We still have the Fed Minutes later today.

I'm not looking to get involved until after the Fed.

UNH...Is attempting an ORH day if it closes over 72.36
Healthcare will be the low risk sector to trade.

XLV...a close over 56.30 puts in an ORH day and a trad able low.

For Glossary of terms and abbreviations click here.

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