May 1, 2014 - MDT - Midday Missive

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.

V...Visa looks to have bottomed. The first test is 207.50.

The stop for any attempted long is 203.

FEYE...between Palo Alto Networks Fireeye looks to have better upside to close 44.50.

PANW...resistance starts @ 66.35

ITB...rates are low and look to remain so. Price action and a close over 23.65 is an upside breakout for home construction.

The risk is a close back below the 200 DMA @ 23.20

PRU...Prudential Financial remains positive as long as it remains above today's low of 80.30

YELP...anything close to 68.50 is an exit for longs the first time up.

Closes over this level are needed for another leg up.

TRIP...needs over 82.70 and a close above for more upside.

NFLX...342.50 is 1st resistance.

TYAM...Ten year all session Bond Futures. 124.22 is the next intra day resistance. 125.09 is monthly resistance and the closing upside pivot.

TLT...by holding today's low and closing over 111.40, I'm looking for a test of 114.

Interest Rates worldwide are poised to go lower.

Higher Interest rate Futures.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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