November 4, 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

????????????????????????????????? ? ???????????????????????????? Entry????????? ? Stop????????????????? TGT

Long? JJG??????????????????????? ??????????????????? 37.00 ? ? ? ? ?? 36.80? ? ? ??????????? 42.50

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Today's Working Orders

BUY EUR/JPY @ 141.25 GTC

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Stocks...?

Nasd 100...you want to buy this Index between 4100-20 with a tight stop.

Nikkei...could retrace to 16,450 and still keep the monthly ORH pattern intact.

The resting buy stops are @ 18,365 with a tgt just shy of 20,000 for this initial move

Bonds ...

30 Yr. Futures... Price action over 142.10 resistance is needed for higher.

Closes under 140.00, as seen on the monthly chart, is needed for higher rates.

BUND...151.83 should be monitored for a potential head & shoulder formation.

Having said that, there is no upside to German rates until you see closes under 150.00

FX...

Euro...126.05 is today's resistance. Sell rallies.

Commodities...

Natgas....3.73 is support and the closing downside pivot for the rest of the year. Natty put in an ORH week and is following through to the upside. 4.21 is resistance.

3.86 is the monthly close and should be used as the short term pivot for all trading.

Brent...82.50 is measured Fib support, 50% of the past 6 years. I have lower targets.

Sell rallies against 84.50.

WTI...the same matching level in crude comes in around 73.50. The next set of qtrly stops lie @ 74.95.

General Comments or Valuable Insight

The board is in back and fill mode except for the Oil which continues it's downward slide.

I'm looking for consolidation into Thursday A.M. Central Bank releases.

JJG is in profit taking mode. We'll leave the stop working as a closing order.

The weekly chart shows a break to 35.40 is possible.

This will take time to develop.

Don't fight the flow today. Trade the opening ranges!

30 Yr. Bond Futures ?Weekly

30 Yr. Bond Futures..Monthly

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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