• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

April 1, 2016 - MDT Pro Tips A.M.

MDT Alert

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 Bill Davis, 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
GOGO? Long at $19.93
Total Premium collected - $1.95

ASNA Long at $14.20
Total Premium collected - $.75

ETE Long $14.05
Total Premium collected - $1.05

P Long $13.38
Total Premium collected? - $.35

DUST Long $4.50
Total Premium collected - $.70

FDX Long April 22nd - $162.50 Call - $2.40
FDX Short April 22nd - $170 Call - ($.55)

...........................................................................................

I am writing this update before the release of the Non Farm payroll today at 8:30 EST.? As I write this, the markets are off slightly before the report.

As you know, this can change ... and change quite significantly.

I did mention yesterday that I expected a slow day and a contraction.? And that is what happened. The S & P had about a 10 point range for the day.? This was about one half of the average true range, which is 20.71.

Based on the narrow range contraction yesterday and the Non Farm Payroll today, you should expect an expansion.

Yesterday also marked the end of the first quarter of 2016.? The market closed back at the level of the open for the year.? Since the bottom on February 11th, the S & P 500 has run 262 points.

Here are the key levels for the markets.
?
VIX:

Major level - 25.00
Minor level - 23.44
Minor level - 20.31
Major level - 18.75
Minor level - 17.19 *
Minor level - 14.06 *
Major level - 12.50

The VIX has not been able to close above the 14.06 level.? It has still acted as resistance, with the VIX hitting a high of 14.28 yesterday before settling at 13.95.

For the VIX to move up, it will need two closes above 14.06.

S & P 500 Cash Index:?

Minor level - 2,078.12
Major level - 2,062.50 *
Minor level - 2,046.88
Minor level - 2,015.62
Major level - 2,000.00
Minor level - 1,984.38
Minor level - 1,953.12
Major level - 1,937.50
Minor level - 1,921.88

The S & P 500 is hovering right around the 2,062.50 level.? 2,046.88 should act as support.

And for the S & P to move down, it would need two closes under 2,046.88.

For the shorter term, two closes above 2,070.33 and the objective would be to 2,093.80.

Resistance should be at 2,078.12 and 2,070.33.? Minor support should be at 2,054.70 as well.

Nasd 100 (QQQ):?

Major level - 112.50
Minor level - 111.71
Minor level - 110.16
Major level - 109.38
Minor level - 108.60
Minor level - 107.03
Major level - 106.25
Minor level - 105.46
Minor level - 103.91
Major level - 103.13

Just like the S & P, the QQQ had a contraction yesterday as well.? It closed at 109.20 or 16 cents under the major 109.38 level.

Minor support should be at 108.20. and 108.60.

Look for resistance at 110.16.

TLT:?

Minor level - 132.03 *
Major level - 131.25 *
Minor level - 130.46 *
Minor level - 128.91
Major level - 128.13
Minor level - 127.34
Minor level - 125.78
Major level - 125.00

The TLT closed at 130.61 yesterday, just under the major 131.25 objective.

Support should be at 130.46 and 128.91.?

GLD:

Major level - 125.00
Major level - 121.88
Minor level - 121.10
Minor level - 119.53
Major level - 118.75 *
Minor level - 117.96
Minor level - 116.41 *
Major level - 115.63

The GLD closed at 117.64.? This was the second day closing under 117.96, so the objective should be to a retest of 115.63.

Resistance should be at 118.75.? To move higher, it will need two closes above 119.53.

XLE:

Major level - 65.63
Minor level - 64.85
Minor level - 63.28
Major level - 62.50
Minor level - 61.72 *
Minor level - 60.16
Major level - 59.38

The XLE would need two closes under 61.72 to move down to 59.38, which should be a major support level.

To move higher, the XLE will need to get through 62.50 and have two closes above 63.28.

I would not expect a sell off to exceed the 56 area.

Apple:

Major levels for Apple are 112.50, 106.25, 100, 93.75, and 87.50.

The upside objective for Apple should still be to 112.50.? Support should be at 107.81.

Watch list:

Bullish Stocks: ACN, BCR, FB, JNJ, UPS, VMC, ITW, NOC, XOM, LNT

Bearish Stocks: GD, JACK, LULU, BURL, BLUE, SHLD, KR, AZN, ALDR

Be sure to check earnings release dates.

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 DougD https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png DougD2016-04-01 09:03:442016-04-01 09:03:44April 1, 2016 - MDT Pro Tips A.M.

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

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.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: April 1, 2016 Link to: April 1, 2016 April 1, 2016 Link to: April 1, 2016 - MDT Alert (FDX) Link to: April 1, 2016 - MDT Alert (FDX) April 1, 2016 - MDT Alert (FDX)
Scroll to top