February 18, 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
LONG ZIOP?????????????????????????? ? ? ?? 7.99??????????? 8.00 Close
LONG DXJ??????????????????????????? ????? 50.38??????????? 49.90 Close
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Today's Working Orders
Stocks...
DAX...10,770 is support. Sustaining and Closing below this level will lead to a sell off of a couple of hundred points.
11,000 was the tgt for this swing and is now resistance and the closing upside pivot.
Spu's..2060 is the low risk buy zone.
LNKD...sustained price action under 264.50 should put this name in profit taking mode.
Bonds ...
TBT...46.39 was last year's close. There will be resting buy stops above.
FX...
AUD/JPY...92.41 yesterday's ORH# is support. 93.39 is closing resistance.
Commodities...
OIL...will continue to be a big back and forth rip your face off affair.
XOP & LINE,USO & OIH all put in ORH days yesterday, patterns that the WTI failed to confirm after the NY Pit Close.
General Comments or Valuable Insight
It's time to be very patient.
Yesterday I looked at a lot of trades all via the options as a vehicle to manage the idea. I passed on all and I'm glad I did.
It's the mid-week shuffle with Fed minutes this afternoon.
Focus will remain on the Bond Futures and individual names.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.