January 5, 2015 – 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.

Equity/Bond spreads…plain and simple that is the game.

Gilts…120.76 is resistance and the closing upside pivot.

A couple of closes over this level should lead to a test of the 124.00 handle.

All equity Indices from the Dax to the Spu’s are entering initial support zones on a daily basis.

EWW & EWZ…look exceptionally bad on the weekly charts, succumbing to the fall in Oil prices.

TLT…129.70 followed be 132.20are the next technical levels.

SLB…closing under 82.60 will lead to a running of the 78.47 sell stops.

PANW…is one of the few bright spots today. I like the story and the risk is manageable for a run back to 128 and higher as long as it stays above 121.40.?

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For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.