November 11, 2013 - 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
??? ? ? ? ? ? ? ? ? ? ? ? ? ? ??????? Open??????? Stop??????????? ? TGT

Long SSO ? ? ? ? ? ? ? ? ? ? ? ? 91.60 ? ? ?? 91.60 ? ? ? ? ?? 102

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Today's Working Orders...

BUY TBT @ 76.60 GTC

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Stocks..

Spu/Bond...is the gift that keeps on giving.

Spu's...could struggle around the old highs of 1773 the first time up.

SSO...94.16-25 is the matching resistance area.

TBT...is trying to breakout to the upside on a qtrly chart. 79 should prove to be near term resistance.

Bonds...

30 yr....the futures are getting over sold again. Sell rallies not breaks.?Don't get all Beared up in the hole. 131.08 is monthly support.

FX...

USD/JPY...99.15 (100.87 Futures) is the semi-annual close. Like the 30 yr. Bonds 2 weeks ago @ 135.27, this will be a directional momentum indicator.

EURO...has been strong on the crosses last night however the 50 day mvg avg's in both EUR/AUD @ 143.30 & 133.11 EUR/JPY should limit the rallies today.

Commodities...

Brent Oil...has to show something over 106.60 for higher.

WTI...95.45 is today's resistance and the upside pivot. Oil traders should take what they're given in this market and not look for another huge move down from here without some further price consolidation to relieve it's RSI's (which are showing oversold again)

General Comments or?Valuable Insight

I have much lower tgt's in the Bonds, however we want to be patient, looking to sell a rally mid-week.

Both the Spu's and the Bonds have had big one way moves Friday without any price consolidation. We expect to see some.

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. The Equity Indices seem stretched at these levels.

Go with the flow. Use the 9/30/13 ( September 30th) closes as your macro pivots. Trade the opening ranges and early time frames.

For Glossary of terms and abbreviations click here.

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