July 8, 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
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No Current Positions

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Today's Working Orders

No working orders

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Stocks...

AAPL...is breaking out to the upside on a qtrly chart above 95.30.

I'm looking for another 10-15 % of upside.

GPRO...Gopro is consolidating between 40.50 support and 45.25 resistance. These two levels will run the next swing.

Spu's...need a close below 1954 to signal a high.

Nasd 100...needs price action below 3884 to take a run @ 3850.

IWM...117.60 is mvg avg support and the downside pivot for another 1-1/2 dollar to 116.05

Bonds...

30 Yr. Bonds...136.12-14 is weekly resistance, a level that has started and stopped both breaks and rallies for full point moves in both directions over the past couple of weeks.

This is not an area to initiate a new position.

TLT...there is room for this to rally as high as 112.75 on a weekly chart, where it will either reject or start a new leg up.

FX...

AUD/USD & Kiwi are being bought on the crosses. Kiwi looks the better of the two from a technical perspective.

Commodities...

?Gold...??has held the weekly trend levels @ 1312. The daily chart shows sideways action with the upside breakout above 1342.

GDXJ...remains firm above 41.

OIL...102.70-102.95 is mvg avg and weekly support. This is an exit zone the first time down.
General Comments orValuable Insight

?The Russell and the Midcap have been weakening against the Spu's & Nasd? ? for the past 2 days.

The broader indices have done nothing but consolidate?.

I'm looking for ?quality names like AAPL & NKE to be the beneficiaries of the stock rotation game, as risk gets paired? ?back and reshuffled in front of those much anticipated summer holidays.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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