July 14, 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
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...
Spu's...closes over 1970 will lead to higher prices.
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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.
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FX...
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Commodities...
?Oil...99.83 is the continuation 200 DMA which is support the first time down (a do not sell into zone). Closes below this level can lead to a much bigger decline. Sell rallies not breaks.
Grains...July grains expire today. We'll be monitoring the sector for a bounce.
This will require some patience as the only thing impeding the Midwest growing season is the proliferation of horseflies with recent rains.
General Comments orValuable Insight
?Some of the luster has come off the precious metals this A.M. with positive footing in the European & Asian Bourses.
We'll take a deeper look at the JJG and the Miners just after the opening today.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
