February 23, 2015 - 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
LONG ZIOP?????????????????????????? ? ? ?? 7.99??????????? 8.00 Close
LONG??DIS 106 2/27/15 Call ? ????????? ?? .24?
LONG AAPL 132 2/27/15 Call???????????? .41
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Today's Working Orders
BUY 4 EPH5 (S&P 500 Futures) @ 2061 GTC?
Stocks...
Spu's...2095 will act as support. This level will be pivotal all week. Strong above/Weak below.
AAL...gains upside momentum over 51.10.
UA...put in ORH day on Friday. Upside follow through should test close to 80.
AGIO...price action under 103.50 can lead to a good break. Pattern sell stops are @ 101.25. Below it's vulnerable to a 10% correction.
PCLN...topped with the Euro Currency in May. A failure to follow through above 1229 leaves the door open for some back and fill toward the 200 DMA @ 1165.
Bonds ...
30 Yr. Bonds..(H) 145.06-15 is the zone to look for price rejection. Resting sell stops remain just under 144.00.
FX...
EUR/AUD...145 is the 200 DMA. This level looks to be pivotal for just shy of a figure either side.
AUD/JPY...93.38 is resistance. 92.40 is support and the closing downside pivot.
GBP/JPY...182.60-70 is mvg avg support. A failure to hold this level will lead to another figure lower.
Commodities...
OIL...49.90 is support and the downside closing pivot. Oil needs to weaken under 49 to gain downside momentum.
Gold...remains under pressure below 1198-1200
General Comments or Valuable Insight
I'll refer you back to my quarterly technical outlook for targets in the equity Indices.
2120 is the first target we've had in the Spu's since Oct.
Both AAPL & DIS put in ORH days on Friday. The calls were an inexpensive way to play for a rally into month end.
The names will continue to be the place to trade.
Citibank, JPM,WFC,GS,BAC & KBE? put in ORH days Friday. Pay attention for pattern follow through.
The board is all about the beat. Earnings.
After the close NPSP,PDLI,THC report in the Bio Pharma space.
TXRH...Texas Roadhouse reports after the close. This is worth paying attention to today. All the other lower cost food chains have posted good qtr's with lower oil fueling sales.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
