September 16, 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 TBT??????????????????????????? ????? 58.17????????? 56 Close????????? 60

Long IAT?????????????????????????????????? 34.13????????? 33 Close

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Today's Working Orders

SELL TBT @ 59.85?

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Stocks...?

COP...put in an ORH day running right into intermediate trend resistance.

A close over 80.10 is needed to confirm the pattern.

Nasd 100...still looking for a test of 3970 (U) 3962 (Z)

Bonds ...

30 yr. Bonds...(Z) 138.30 is key resistance and the low risk sell zone.

FX...

AUD/USD...I'm looking for a test of 90.88-91.00. It tried that direction last.

Euro...130.25 was the last breakdown level. Euro could easily retest that area. Closing under 129.10 will keep the Euro on it's heels.

GBP/USD...need to close over last night's high of 162.50 for higher. 160.10 is 200 DMA support.

Commodities...

Soybeans...have the potential to trade to 10.42. Price action and a close over 10.00 is needed for the short squeeze higher.

The trade will be led by the Beans, not the Corn or Wheat.

General Comments or Valuable Insight

We're going to be out of the remainder of our Long TBT before tomorrow's Fed Minutes.

The whole game starts tomorrow afternoon. Everything will be in play.

I doubt any new money gets committed before then.

Start perusing the weekly options that expire Friday for directional lotto tickets.

You'll need to get them on before 12:00 CDT to find any type of market. Volumes will be light prior to the Fed.

I would expect upside exposure for Nasd high fliers to be crushed today into tomorrow morning.

Time Frame Trading today.

For Medium Term Outlook click here.

?For Glossary of terms and abbreviations click here.

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