July 16, 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 ???????? 94.15 Stp Close??? 99/110
Long?GLD??? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?125 ? ? ??????? 124 ?Stp Close

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Today's Working Orders

SELL AAPL @ 94.15 Stop "GTC"
SELL?GLD ? @ 124 Stp Close GTC

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Stocks...

BAC...needs a close over 16.20 for a sustained move higher.

AAPL...we've raised our stop to break-even.

Bonds...

30 yr. Bonds...are stuck. Only a close below 136.10 would lead to a Bond sell off.

FX...

Euro...a close below 135.30 is needed for another leg down.

USD/CHF...a close over 89.90 (Under 111.40 Futures) is needed for another leg down.

Commodities...

?Soybeans...as long as the beans hold yesterday's close it remains on positive footing. Look for this to move in 30-40 cent increments. 11.07 is near resistance and the upside momentum level.

Gold...needs to push above 1300-02 resistance for more upside.

Oil...looks to have finally bottomed yesterday. 101.40-60 is daily and weekly closing resistance.

General Comments orValuable Insight

?The Euro & Swiss both need to close under the above mentioned levels for more downside ( Dollar strength).

Yesterday the Equity Indices held important support, trapping the short sellers once again.

It's earnings season...look at the calendar, pick instruments where you can play the little lotto a few days out (weekly options).

Pay attention to the technical pivots on your medium term outlook.

instruments are strong above and weak below.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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