• 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

August 17, 2015 - 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
Premium collected - $1.25

NCR Long Jan 15 $27 Call
NCR Short Jan 15 $32 Call
Net Debit - $1.70

?.......................................................................................

I mentioned Friday the possibility of the markets forming doji bars on the weekly timeframes.

And that is what happened.

The markets sold off about 50 points into the reversal on Wednesday and proceeded to rally to actually close higher for the week.

Once again, the VIX helped to pinpoint the reversal.

On Wednesday, the VIX traded above 15.63, hitting a high of 16.28.? The key would be if the VIX could hold the 15.63 line, which it couldn't.

Now the VIX is back to testing the major 12.50 level ... again!

Watch how the VIX trades around this level to help time the markets.

This Wednesday is the release of the Fed Meeting Minutes at 2:00.? With the specter of a rate hike coming, this event could produce a volatile market reaction.

Here are the key levels for the markets.

Stocks...
?
VIX: ?

Major level - 17.19
Major level - 15.63
Minor level - 14.45
Major level - 14.06
Minor level - 13.67
Minor level - 12.89
Major level - 12.50
Minor level - 12.11
Major level - 10.94

The expected retest of 12.50 is here.? Watch the 12.11 level for possible support.

S & P 500 Cash Index: ?

Minor level - 2,132.82
Major level - 2,125.00
Major level - 2,109.40
Minor level - 2,105.50
Minor level - 2,097.70
Major level - 2,093.80
Minor level - 2,089.90
Minor level - 2,082.00
Major level - 2,078.10

The active objective is still 2,093.80.? And with the? S & P closing Friday at 2,091.54, it is only a few points away.

Two closes above 2,097.70 and the objective becomes 2,109.40.

Nasd 100 (QQQ): ?

Major level - 115.63
Minor level - 113.28
Major level - 112.50
Minor level - 112.11
Minor level - 111.33
Major level - 110.94
Minor level - 110.16
Minor level - 109.77
Major level - 109.38

The objective is to 110.94.? Minor resistance should be at 111.33.

Lower levels should act as support.

TLT: ?

Minor level - 125.78
Major level - 125
Minor level - 124.22
Minor level - 122.66 ?
Major level - 121.88
Minor level - 119.53 ?
Major level - 118.75
Major level - 115.63

Objective is back to 125.

The lower levels should act as support.

Short term timeframes remain in uptrends.

GLD:

Major level - 109.38
Minor level - 107.03
Major level - 106.25
Minor level - 105.46
Minor level - 103.91
Major level - 103.13
Minor level - 102.34
Major level - 100

Two closes above 107.03 and the objective becomes 109.38.

XLE:

Minor level - 74.21
Minor level - 72.66
Major level - 71.88
Minor level - 71.09
Minor level - 69.53
Major level - 68.75
Minor level - 67.96
Major level - 65.63
Major level - 62.50

68.75 level should be support.? The XLE would need two closes above 69.53 to move up to 71.88.

Apple:

The objective is still up to 118.75.

Major levels for Apple are 125, 118.75, 112.50 and 106.25.

Watch list:
Bullish Stocks:? LMT,? BWLD, MLM, GD, STZ, HD, STZ, NFLX, MA, ADBE, CLX, RAI, ALK

Bearish Stocks: FDX, BIDU, IBM, MMM, RL, DDS, ASML, Z, DECK, XLE, FOSL,QCOM, GMCR

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 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2015-08-17 09:42:032015-08-17 09:42:03August 17, 2015 - 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: August 17, 2015 Link to: August 17, 2015 August 17, 2015 Link to: Trade Alert - (SPY) August 17, 2015 Link to: Trade Alert - (SPY) August 17, 2015 Trade Alert - (SPY) August 17, 2015
Scroll to top