February 4, 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

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Today's Working Orders

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

?Make sure you cancel the order to sell @ 9.95?

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Stocks...

Spu's...2041 is 50 DMA resistance and the upside pivot today. 2029 is support.

NASD 100...4228 is 50 DMA resistance and the upside pivot today. 4184 is support.

SLB...83.80 is support and the low risk buy zone.

GOOGL...553 is resistance and the upside closing momentum #.

NFLX...is the best of the momentum names. 470 is next. As long as this name remains above 440 the weekly and monthly wave counts are around 600.

Bonds ...

TBT...breaks out to the upside on a close over 40.85 resistance.

FX...

Dollar...in general sold off enough against the Euro, Aussie & Kiwi.

EUR/AUD... continues weakness under 146.72, 144.30 is possible.

This cross would need a Greek statement to spike it's 200 DMA @ 145.05 to get that low.

Commodities...

Brent...58.10 is mvg avg resistance. An overrun to 58.50 should reject the first time up. I need a close over 60 for another leg higher.

General Comments or Valuable Insight

Full Moon Trading at it's finest!

The entire board was put through the rinse cycle yesterday with the unwinding of the dollar trades as well as some of the Short U.S. /Long Europe Equity trades.

I thought today would be the day for Oil to trade 54 and back off. That happened much quicker than I anticipated.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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