January 12, 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 Line?????????????????????????????????????????????? 11.50??????????? 10.80 Close

.......................................................................................

Today's Working Orders

No working orders.

.......................................................................................

Stocks...

Spu's...I need a close over Friday's high of 2061 to get Bullish. Spu's need under 2028 and a close under 2022 to bring the bears back out of hibernation.

Nasd 100... is a sideways pattern. Price action and a close over 4265 is needed for higher, while 4185 is today's downside barometer.

Bonds ...

30 Yr. Futures...needs over 148.02 to extend higher. Price action below Friday's low of 146.18 is needed for lower.

There are noon bond auctions today for the short end of the curve. Tomorrow is the 30 Yr.

FX...

AUD/USD...shows a possible double bottom on the point & figure chart just above 80.00. A close above 82.30 is needed to confirm the low.

Only sustained price action above 82.30 would lead to a test of the 50 DMA @ 8370.

EUR/JPY.... 140.31 is the? 200 DMA...keep your Eye on this level for it can prove to be a short term bear trap for the Euro.

EURO...119.60 is the daily resistance and upside momentum level.

Commodities...

WTI... Oil is record oversold. The wave counts show this can go even lower than most have predicted. Sell rallies not breaks.

We'll be monitoring this for any signs of a short covering rally going into the end of the week.

Natgas...Weekly sell stops are under 2.80.

General Comments or Valuable Insight

We were stopped out of our remaining Yen shorts on the Globex opening last night.

We have no currency position.

Dollar buying was the theme for the beginning of the week after London's opening.

Be patient and trade the early capital flows.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.