November 18, 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.

OIL...remains under pressure. A close today under 74.70 either month is negative.

74.46 is long term mvg avg support.

Once below look for a test of the 69-70 decade fib support. This will be a do not sell zone the first time in.

Brent...77.75 seems to matching up with the WTI level. Brent needs maintain and? close below 77.75 for more downside.

SOXX...has been doing well all week buoyed by TQNT.

If we see any weakness late tomorrow into Thursday we'll try and pick some up.

MVV...is a low risk long since you could use a stop just below today's low to manage risk.

The Banks have been doing well led by Deutsche Bank in Europe and Citi in the U.S.

WFC...needs a close over 53.60 to gain upside momentum.

GS...needs over 191 to gain upside momentum.

BAC..needs over 17.25 to gain upside momentum

VA...Branson must be giving away free space rides given the 40% rise in 2 full days of trading.

UNH...looks to be headed to 102.

TSLA...by remaining over today's opening range of 256 Tesla can try the low 270's again.

WTR , AWK & CB...all have definable risk at today's low. They are low volatility names.

The whole board is about trade location. If you can identify your risk you can make a trade.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.