November 19, 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....?

No Current positions

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Today's Working Orders...

No working orders

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Stocks...

Vix..sustaining above yesterday's high of 13.10 should have this taking another run at the 200 day @ 14.40.

TBT...75.20 holds or it doesn't. Closing below 74.80 will lead to a test of the low 71's.

Bonds...

30 yr. Bonds...133.15 is resistance and the upside pivot. Good above, negative below.

Bund...141.31 is support and the downside pivot today. By holding this level we're looking for a test of the 200 day @ 142.56

FX...

Commodities...

General Comments orValuable Insight

Full Moon Trading....Always presents the possibility of trend change.

Spu/Bonds put in an ORL day. We have no positions. It was time to hit the cash register and bail out.

All other levels in individual instruments are as stated from past writings.

Let the day unfold, trade your time frames and technical levels.

"If you put a gun to my head" I'd prefer to sell equities before I bought them for the next day or so.

The Long only crowd painted the tape on the close in the Indices by keeping the chart pattern alive for more rally, however the SPU/BONDS did put in a topping pattern.

We're content to do nothing and watch the price action for a bit. This is a market in need of a pull back or some sideways price action.

Some of you sent me messages that you went short against yesterday's high.

Nice trade!

Now remain disciplined and don't turn it into a loser. Price action over 1793-4 in the Spu's should have you reviewing your charts.

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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