April 14, 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

????????????????????????????????? ? ???????????????????????????? Entry????????? ? Stop????????????????? TGT

LONG SOXX ????????????????????????? ? ?? 91.50???????????? 94.00 Close

LONG? FEYE?????????????????????????????????? 41.75??????????? 40.50 Close

LONG? XLV?????????????????????????????????? 73.90??????????? 72.70 Close

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Today's Working Orders

SELL SOXX @ 99.05 OCO 92.40 Close

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Stocks...

Spu's...I need to see one more close over 2097 for higher.

Nasd 100...4430-36 will be resistance and the closing upside pivot.

4365 is the first good bounce level.

DAX...is in profit taking mode. 11,900-12,000 is the support level and the closing downside pivot.

Bonds ...

10 yr.... 129.12 is today's resistance and upside momentum #.

TLT...needs a close over 130.80 resistance to gain upside momentum.

FX...

EURO...107.11 is resistance the first time up. Closing under 105.40 will lead to the low 101's.

Commodities...

Gold...(M)? 1180-84 is the hold level. Below, the pattern looks to retest the last low of 1140 and eventually lower.
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General Comments or Valuable Insight

We have three outstanding positions which we'll leave alone and let the stops take us out.

VIX has gone from support to resistance in one day. 14.28-15.15 is a big congestion zone of mvg avg resistance.

It would take closes over 15.15 to think we're in for a deeper correction.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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