February 25, 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??????????? 9.00????????????????? 13.00
LONG??DIS 106 2/27/15 Call ? ????????? ?? .24???????????????????????????????????? 112.00
LONG AAPL 132 2/27/15 Call???????????? .41???????????????????????????????????? 140.00 Stock
LONG EFA 66 3/06/15 Call ? ? ? ? ? ? ? ? .13
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Today's Working Orders
SELL 20 DIS 2/27/15 106 Calls...when DIS prints 106.
SELL 30 EFA 3/06/15 66 Calls...when EFA prints 66.
SELL another 30% piece of the original ZIOP position @?10.90 ?GTC.
BUY 4 EPH5 (S&P 500 Futures) @ 2061 GTC?
Stocks...
BDBD...Boulder brands broke out yesterday. Support is 10.74.
UA...put in an ORL topping pattern yesterday. 73.65 is initial support.
Whether this is just short term profit taking from a big run or something bigger,only time will tell.
Bonds ...
30 Yr. Bonds..(H) ...old resistance is now support. 145.09-15.
?
FX...
USD/CAD...125.21 is the reversal # ( 79.77 Futures) which now becomes support "the must hold #" to put in a trad able low in the Loonie.
Commodities...
OIL...pattern buy stops are @ 50.60. There is a daily double bottom @ 48.68. If this is given I'd be looking for Oil to trade a dollar to a dollar and a half at a time to the downside.
Brent...the pattern is friendly as long as 58.00 holds.
GOLD...1212 is mvg avg resistance.
General Comments or Valuable Insight
The Aussie, Canada & precious metals are responding to the relief rally in the Bonds.
The U.S. Treasuries have been leading the Dollar moves. Futures Up = Price positive Aussie & Canada.
It's the Mid-Week shuffle with contra trend moves in many instruments.
Yesterday's Yellen testimony caught many traders wrong footed as Long Dollar bets were pressed into the testimony only to be unwound with the Bond rally.
The Equity indices are in need of a rest from the recent grind up. The action should continue to be in individual names.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.