April 20, 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

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LONG??JYAM ??????????????????????? ? ? ? ? 84.10?????????? 83.92 Intraday???

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Today's Working Orders

SELL JYAM 83.92 Stop GTC all Sessions.

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Stocks...

Spu's...A close below 2060 is needed for downside. Sustained price action and a close is needed over 2095 for higher.

VIX...13.35 is support. Closing below this level is needed for more upside in the Indices.

DAX...held the 50 DMA @ 11,630 Friday into this A.M. Closing over 12,070 is mvg avg resistance will lead to more strength.

Bonds ...

30 yr Bonds...I need to see a close below 162.23 for the Bond to rollover.
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FX...

USD/JPY...118.74 is the weekly OR #. It has failed to follow through and remains the whipping boy on the crosses for Risk On bias.

DXEM...needs sustained price action under 97.50 for lower. Sustaining over 97.86 resistance will lead to a descent rally towards 98.70 resistance.

EUR/JPY...after stopping at mvg avg resistance last night, can put in and ORL day with a close under 127.76.

Commodities...

OIL...CME Crude Futures expire tomorrow. I wouldn't be surprised to see 55.30 today given the anticipated storage #'s.
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General Comments or Valuable Insight

I sold my individual Equity positions on Friday.

I am unwilling to chase this Sunday rally in the Indices. There was a lot of macro news over the weekend that needs to be fully digested.

Yen tried and failed to rally through the top of it's recent range.

For now we'll just leave the stop working to see if the rally in Equities withers.

Equity Bears...I wouldn't give risk much more than a couple of points over the high in London.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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