October 24, 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
??? ? ? ? ? ? ? ? ? ? ? ? ? ? ??????? Open??????? Stop??????????? ? ?? TGT

Long AUD/JPY ? ? ? ? ????????? 93.85

Long IBM ? ? ??????????????????? 174.50 ???? 169 Close

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Today's Working Orders...

No working orders
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Stocks...

GOOG...the next upside tgt is 1050 ish.

NFLX...closing above 336 is price positive.

Bonds...

FX...

AUD/JPY...94.02 is the upside pivot.

AUD/USD...needs sustained price action above 96.45-53 and a close above 96.75 to negate yesterday's chart pattern

GBP/USD...as long as the Pounds remain above 161.20 I'm looking for 166.50

Commodities...

Oil...97.50-80 is resistance and the upside the pivot. Once above, this can go as high as 99.75 and still be in a downtrend.

Silver...22.58 is near term support and the downside pivot. 23 is Resistance and the upside closing pivot.

General Comments or?Valuable Insight

We got stopped out of Goldman yesterday for a .25% loss. GS got hit with spill off selling from the European Banks. I still like? it.

The fairyland express continues with our favorite names and sectors being bought on every dip. IBB,LNG ect.

Short Term View...

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 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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