April 21, 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
No current positions
?.......................................................................................
Today's Working Orders
No working orders
?.......................................................................................
Stocks...
DXJ...56.87 is this years high with resting buy stops above which should test 57.50-75, the 2014 high.
Nasd 100...there is a potential weekly double top @ 4441, however once above do not fade.
DAX... A close 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.
?
FX...
CAD/JPY...has been trading either side of the 200 DMA @ 95.51 for the past few days. Maybe the oil can break it loose from the level today.
A big rally in the Oil should be price positive Canada.
Commodities...
OIL...CME (K) May Crude Futures expire today. The past expiration days have been opening range trading affairs of the N.Y. Pit opening.
June (M) needs sustained price action under 56.50 to weaken.
?
General Comments or Valuable Insight
China Mobil (CHL) was a standout mover yesterday taking back a weeks worth of profit taking ( app 7%) in an hour.
It's a risky name to hold overnight, however it's proved to be a good barometer for risk on.
Japan is the low volatility trade. It's back to the April highs matching a similar pattern in the Nasd 100.
DXJ is a manageable name. We'll keep this on our radar for a possible trade today.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.
