January 31, 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.

Nikkei...14,560 is the 200 day mvg avg. We came close enough on the first attempt in the futures for a rebound.

Spu's...so far failed to elect the sell stops.

DAX...has come down too far

AMZN...360 is the wave tgt. Don't press direction into this area.

KBE...we're into weekly support in this bank ETF @ 31.80. All new weakness through this level is needed next week for more downside.
A close today below 31.92 puts in an ORL Month.

JPM...55.40 is the Monthly ORL

GS...needs a Friday close above 164.77 to avoid an ORL month.
This is a price negative pattern.

COF...71.02 ORL monthly #

C...Citigroup needs recovery over 50.27 Friday to hold up technically.

XLF...21.00 is the monthly ORL #.

XBD...Broker dealer Index has a negative pattern as well. A Friday close below 15050 would lead to a good sell off.

YHOO...36.25 is the Monthly ORL #

This is going to be a back and forth affair all day.

So far the Bulls will take heart in the failure to run the stops in the Spu's and try to buy against 1760.

It will be a late day game, day traders...trade your time frames and keep it tight.

We'll get an all new game starting Sunday night.

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.