January 8, 2014 - MDT - Midday Missive

Stocks to watch..

WPRT...21.10 is a low risk buy zone with a 40 cent stop.

EA...a Friday close over 23.27 puts in an ORH week.

MSFT...short term sell stops are resting under 35.50-25. If elected, this would take you into the 34.90 buy zone.

I think the bad news is out of the way and you won't see it. It's setting up for a classic mid week low. A close today over 36.25 would confirm a low.

POT,MON,AGU...are all attempting to bottom. Friday @ 11:00 A.M. CDT is the big USDA crop report.

DD...Dupont just put in a new low by a couple of ticks on the week and reversed. This is a really cheap look to buy against today's low.

 

For Glossary of terms and abbreviations click here.

/by

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

January 8, 2014 - MDT Pro Tips A.M. Testimonial

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

OKLearn more