July 11, 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

Long AAPL? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? 94.15 ?????????????? 92.65 Stp????? Close? 99/110

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Today's Working Orders

SELL AAPL @ 92.65 Stop On Close "GTC"

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Stocks...

FTSE...a close back over 6670 would signal a low. It's oversold on the shorter term time frames. The downside looks limited.

VIX...11.75-95 is mvg avg & Fib support.

Bonds...

30 yr. Bonds...137.00 is near term support and the downside pivot.

TLT...112.10 is near term support and the closing downside pivot.

FX...

Commodities...

?Oil...103 is 50 DMA resistance and the upside pivot. Any price action back into the mid to low 101's ( particularly a lower low from yesterday) should be treated as a possibler bear trap again today.

GC/SI...Long Gold/Short Silver broke out above it's 200 DMA yesterday. This simply means that Gold is the feature on the spread and you should look for Gold to lead for a bit.
General Comments orValuable Insight

?Full Moon Trading.

It's summer time and traders will be heading for the exits early today.

I will be shutting down by 9 A.M. for a major computer upgrade.

Portfolio managers, if the Vix gets into support today, buying some Vix against your long portfolio isn't the worst idea for a weekend trade.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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