July 9, 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...

TSLA...209-212 is mvg avg support.

LNG...69.50 is mvg avg trend support and the downside pivot.

FTSE...is trading around it's 200 DMA. it's also trading mildly oversold, which simply means if a bounce in European Bourse starts today, England could lead.

Bonds...

Gilts...110.42 is weekly resistance. The daily chart shows they could squeeze as high as 110.76 and reject.

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...

USD/JPY....101.33 (98.65 ish futures) is key Yen resistance and the upside pivot.

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.

Brent...108.41 is weekly mvg avg support. Closes below 107.90 would lead to more weakness.

General Comments orValuable Insight

?We had a nice two day break in the Equity Indices. Nasd 100 went right to the qtrly close @ 3840 and held.

The Indices will minimally need sustained price action and close under yesterday's lows to weaken.

As Long as Gold remains above the Unemployment low of 1309 the pattern remains positive.

Time and again we've seen the unemployment extremes be the high or low for the next month in the metals.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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