November 18, 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
Long??JJG??????????????????????? ???????????????? ? ? 37.00 ? ??????? 37.00 ? ????????????? 42
Long??Ford (F)???????????????????????????????????? 14.19?????????? 14.00
The above stops are Stop On Close.?? ? ? ? ? ? ? ? ? ? ? ???????????????? ? ? ? ?? ? ? ? ? ? ? ? ? ?
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Today's Working Orders
No working orders.
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Stocks...
DAX...put in an ORH day with a close over 9290. The weekly ORH # is 9400.
Closes over 9490 will have European equities take the lead upward.
CAT...closed right on it's ORH # of?101.70.
Investors looking at this name should not risk more than yesterday's low on a closing basis.
WFC...needs a couple of closes over 53.60 to gain upside momentum.
DIS...I still like Disney going into the holiday shopping season as long as it remains above 90.
Ford...is coming into resistance @ 15.72-16.00. It's getting overbought short-term.
This will need a couple of closes above the 200 DMA @ 15.98 to run another dollar.
Bonds ...
30 Yr. Futures... 142.10 is weekly resistance and the closing upside pivot.
Sustained price action above will see the Bonds trading a point at a time to the upside.
FX...
AUD/USD... 88.10 is 50 DMA resistance.
EURO...today's resistance is 126.23
EUR/JPY....147.60 is qtrly resistance. 145.65 will act as support and the downside pivot.
Commodities...
OIL...needs price action over 76.55 resistance for a rally.
Brent...needs over 80.20 to rally. 77.83 is the downside target and exit zone for shorts.
Natgas...4.23 was first Fib resistance yesterday and is now support and the downside pivot. 4.31 is the 200 DMA and will be pivotal all day.
Gold...is the main feature today. If it's real, 1193 should hold on a retest with 1210 being first mvg avg resistance.
GDXJ...needs a couple of closes above 28.25 resistance for another 5-10% move.
General Comments or Valuable Insight
Gold is at an interesting level on the charts. This is where it either stalls into tomorrow or holds a break and rallies to 1240 again.
U.S. Equity Indices are grinding around going nowhere. They are all about the stock rotation and finding the hot stock of the day to trade.
NATGAS
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.