November 19, 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... The weekly ORH # is 9400, the level that needs to hold on a break.
9510 is today's 200 DMA. All new closing strength over this resistance level is needed for a test of 9820.
MVV...71.31 is support and the closing downside pivot.
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.
Bund...needs price action and a close below 151 to break.
FX...
AUD/USD... 88.10 is 50 DMA resistance.
EURO...today's resistance is 126.15-30
EUR/JPY....147.60 is qtrly resistance. 145.65 will act as support and the downside pivot.
GBP/JPY...184.70 is this month's high with resting buy stops above.
USD/JPY...115.75 is today's low risk level to sell Yen (86.40 Futures).
AUD/USD...resting weekly sell stops are @ 85.91.
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.
Gold...needs to hold 1190 on any weakness today or it is vulnerable to breaking in 10 dollar increments.
Bulls want to see this hold a good mid-week break and hold for higher prices.
Silver...needs price action and a close over 16.45 to break out to the upside.
General Comments or Valuable Insight
9:30 CDT Petroleum Report should keep the Oil active.
FOMC Minutes are released @ 1PM CDT.
The Yen crosses bottomed with the U.S. equities Oct. 15. It's the same trade as the Equities.
As with the individual names it's just a matter of where you can get them on with reasonable risk.
Long Dax/Short Bund is running the board as investors shun the low yielding Bund and look for riskier returns in the Equities.
Time Frame Trading..The afternoon session can be very different from The morning N.Y. trade.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.