January 7, 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????????????????????? 540
SSO Long?????????????????? ? ? ?? ? 98 ????????????????????????? 99.80

These are stop on close orders.

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

Today's Working Orders

No working orders

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

Stocks...

XLV,XLF & XLK are three sectors that are holding up.

EWG & EWP...are both hanging in from a technical perspective.

The risk in Germany (EWG) is a close below 30.50
EWP has to remain above 36.95 close.

FXI...35.85 needs to hold on a closing basis to form up for a rally.

Bonds...

30 yr. Bonds...still looking to sell 1-1/2 point rallies into the 130.15 level until proven wrong.

FX...

EUR/AUD...153.70 is resistance.

USD/JPY...we're still interested to buy Dollar/Yen @ 103.25 ( sell Futures @ 97.00) with a tight stop.

Commodities...

Oil...93.25, yesterday's low, should be as much as you'll see for now on the downside without some sort of rally. Oil has been a one way, 8 dollar move, without any bounce.

General Comments orValuable Insight

Pick your poison, Financials, Social Interactive Enabling stocks and Healthcare are still at the top of my buy on the big puke list.

The price action in GOOG & AAPL over the past few days show you why you need to be prepared with your technical buy levels.

GOOG tried to put in a one day topping pattern on profit taking, only to scream straight back up.

As long as the Equity Indices hold above the qtrly pivots the breaks will be muted.

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 have a long Equity Bias. We'll be leaving our trailing stops as is.

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.