June 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

Short Euro??????????????? 136.31????????? 136.85 GTC????? 133.70

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Today's Working Orders

BUY Euro @ 133.75 OCO 136.85 Stop GTC ( Good Until Canceled)

Sell 30 Yr. Sept Bond Futures "(USAU)(ZBU)" @ 136.09 GTC

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Stocks...

AUQ...Aurico Gold is attempting an ORH month with a close over 4.35. As long as this holds breaks around $3.90-4 this has potential to make a run toward 6 on the longer time frames.

ABX...18.13 is the 200 DMA and the short term pivot. The daily is looking stretched. A weekly close over 18.50 resistance is needed for more upside.

Bonds...

TBT...needs a close over 63.50 for higher.

FX...

EUR/AUD...is unchanged on the week after putting in a lower low.

Buy stops are 145.38. A close over this level is needed for upside follow through.

Commodities...

Oil... resting sell stops are @ 105.11 the weekly ORL #.

This level is support, with sustained price action below 105 needed for any downside to materialize. 103.60 would be the first bounce zone below.

The point & figure shows a rally as high as 106.85 is possible with no pattern change.

Gold...1315.70 is the monthly ORH #. This is the hold # for Gold Bulls going into month end. 1330 is near resistance and the next closing hurdle.

Copper...3.20 is 200 DMA resistance. Pattern support is 3.10.

Silver...20.20 is the place to try a long with a very tight stop.

General Comments orValuable Insight

Seems I'm getting a little crispy around the edges when I can't distinguish between a Miner and a merchant.

A few days off after the qtr ends is on the horizon.

Screen stare is setting in.

Opening Range Time Frame Trading again today.

Short Term View...

Keep trading to make money. The opportunity will be in individual names.

Individual stocks look to be an easier read based off their own technical's.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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