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April 17, 2015 - MDT - The Late Show with VIPS Alert

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 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.

As of now we'll be stopped out of SOXX,FEYE,XLV on the close.

VIPS has rallied back, however without a massive short covering rally that needs to start just after 2 CST in the U.S. Indices, I am selling VIPS along with the other three names on the close.

SELL VIPS MOC!

I like the low in the FXI today, however I just don't want the weekend exposure.

I am Long Yen Futures as a Risk Off Hedge Around the Pit close @ 2 CST I'll make a decision on this trade.

I'm considering buying some cheap puts to turn it into a call or selling another currency against it closer to NYSE close to turn it into a cross pending late day price action.

GOOGL..does not act well. A close below 535 put in an ORL week.

I'd rather just clear the decks and start over Sunday with an unburdened view.

?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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