February 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

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

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

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Today's Working Orders

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

BUY 4 EPH5 (S&P 500 Futures) @ 2061 GTC?

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Stocks...

VIX...is flirting with the 200 DMA again @ 14.66

Bonds ...

30 Yr. Bonds..(H)..price action under 144.00 can lead to another 2 points of downside

FX...

EUR/AUD...144.23 is the lower end of the recent range. This is support and the downside closing pivot.

AUD/JPY...93.38 is resistance.

Commodities...

OIL...March crude expires today. April (J) is front month.

NATGAS...3.00 is today's resistance. I suppose it could squeeze up towards that 50 DMA, however it would take closes over that level to signal a descent rally.

General Comments or Valuable Insight

The Equity Indices are parked waiting to see if we can get some negative news out of Greece to precipitate some profit taking.

I'm hoping for some negative news to relieve the overbought condition and allow some descent entry levels in names that have come a long way in this 2 week run.

I would expect that you'll get some buying of the VIX against the 200 DMA for portfolio insurance for the weekend.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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