February 10, 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

????????????????????????????????? ? ???????????????????????????? Entry????????? ? Stop????????????????? TGT

LONG ZIOP?????????????????????????? ? ? ?? 7.99??????????? 8.00 Close

LONG ?AAPL????????????????????????? ?????????? 116.

LONG BRKB?????????????????????????? ????????? 149.67????????? 149.00

LONG DXJ??????????????????????????? ????? 50.38

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Today's Working Orders

SELL another 30% piece of the original ZIOP position @?10.90 ?GTC.

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SPU's...the mid to high 2060's will remain resistance and the closing upside pivot.

2039 is 50 DMA support.

Nasd 100...the mid to high 4260's will remain macro resistance and the closing upside pivot.

DAX...10,590 is mvg avg support and the downside closing momentum level.

Bonds ...

30 Yr. Bonds...(M) 165.00 was support that is now resistance and the upside momentum #. Below, there is room for a move to around 161.27.

30 Yr. Bonds...(H) is a tale of two charts. The daily shows the 50 DMA @ 146.14, however the continuation shows 146.29 as it's 50 DMA.

Both #'s can bounce the first time down. 146.29 is more important to me on a closing basis,for this would leave way to a test of 145.00.

FX...

Follow the Bonds...More weakness from current levels will move the dollar higher against the Euro & Yen.

Commodities...

1st qtr 2015...

OIL...54.10 should be used for general market tone. Closes over 56.50 are needed for strength.

Prints into the downside target handles of 49 followed by 43 are levels to look for short covering rallies.

Nothing has changed. 53.70 ( 2014 close ) is point & figure resistance.

Bears should be using this level for risk management.

General Comments or Valuable Insight

Equity Indices are stuck between the big mvg averages...Time frame Trading...be patient.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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