July 24, 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?GLD??? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?125 ? ? ??????? 125? Stp Close

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Today's Working Orders

SELL?GLD ? @ 125 Stp Close GTC

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Stocks...

ALXN,BIDU,CAT,CBI,DECK,ECA, PHM,ALK,AAL report today.

Bonds...

30 yr. Bonds...while Bonds put in an imperfect double top on the bar charts (just missing the previous high by a few ticks) the point & figure shows one.

Price action and a close under 137.22 is needed for confirmation of a high.

FX...

AUD/USD...94.60 is resistance and the closing upside pivot.

There is the potential for a 120 point swing up.

The Futures are trading @ a 34 point discount to cash.

AUD/NZD...broke out last night over it's 200 DMA @ 108.80. 110.37 needs to be monitored for a trend change (the monthly ORH #)

Commodities...

Gold...strengthens over 1319. 1288 is 200 DMA support.

Oil...the path of least resistance is first up. 103.10-40 is first resistance. 103.90 is second resistance @ the 50 DMA.

That will complete the expected wiggle for this move.

General Comments orValuable Insight

Opportunity will be in the individual names.

Day Traders, trade the time frames and keep taking your money.

The opportunity remains in the individual names.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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