October 31, 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

No working orders

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Stocks...

Nasd 100...4074 should be used for early market tone. 4103 is resistance.

Closes over 4120 are needed to start a whole new Bull leg higher into year end.

SPU's...put in an ORH day yesterday. Closes over 2022 start another measured 100 point swing up

FTSE...yesterday FTSE started on it's ear only to completely reverse from support to put in an ORH day.

Nikkei...the first tgt is just over 17,000. Closing over 16,500 puts in an ORH month.

Bonds ...

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

FX...

USD/JPY...112.65 (88.77 Futures) is the first qtrly tgt. The second tgt is app 122 (81.96 Futures).

GBP/USD....by remaining under 160.20, the Pound can see 158.50 next.

Euro...126.31 is resistance.

Commodities...

Corn...is attempting an ORH month. A Friday close above 3.595 confirms the pattern.

I'm looking for an initial 60 cent rally.

GOLD...1140 is semi annual mvg avg support, with an eventual 1080 tgt level.

General Comments or Valuable Insight

It's a risk on board. There is simply nothing else to say.

BOJ expanded quantitative easing last night to give the Risk On crowd a nice bump
for their month end markings.

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

The overnight moves have been dramatic and some profit taking should not be unexpected.

Instruments that have been directional will stay that way.

I.E. OIL weak,Dollar strong against the Euro & Yen, Tech and Healthcare strong.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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