January 14, 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
No open positions.
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Today's Working Orders
No working orders.
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Stocks...
Spu's...1962-68 is the buy zone. This is a cover zone for shorts, for longs it's a low risk buy zone @ the 200 DMA.
Nasd 100...sustained price action under 4100 is bearish. 4177 is today's short term resistance. 3942 is the 200 DMA.
MIDCAP...could rally to as high as 14,3400 and be total garbage today.
13,972 is the 200 DMA.
LINE...yesterday I smelled a rally in the Energy sector so I repurchased LINE shares as a surrogate, thinking the rally in the commodities would translate into a good trade in the MLP.
I thought wrong! There is something not quite right with this instrument.
Bonds ...
30 Yr. Futures...anytime Bonds try and make new highs over 149.04, exercise caution in buying strength. The levels that can stall follow through are numerous dating back to the 2012-13 highs.
FX...
AUD/JPY...by remaining under 96.46 (200DMA) the first set of sell stops are @95.21 targeting 94.50.
EUR/JPY...137.50 is an important hold zone for this cross, for a couple of closes under this level generates a new swing count to the downside.
EUR/AUD...145.41-50 is the key technical level. It's the 200 DMA and the daily ORH#. Price action either rejects or follows through at this level. 146.20 is the daily resistance and upside momentum level.
Commodities...
Cattle (G)...is the tail of two charts. Both show the ORL topping pattern on the 8th with follow through to the downside, however the FEB pit 200 DMA is 1.5643. The all contract daily continuation shows 1.5476 as it's 200 DMA with weekly Fib & Mvg avg support @ 1.5336-50
Natgas.. 2.98 will be pivotal all day. 3.06 is mvg avg resistance.
General Comments or Valuable Insight
Equity Bulls painted the chart pattern at days end avoiding ORL's in the Spu's & Nasdaq.
A risk off board will keep the Yen bid on the crosses.
I'm going to start focusing on the VIX Futures.
Below is the listing of Symbols and contract months.
VX - CBOE Volatility Index (VIX) Futures
| ? |
Bloomberg |
CQG |
ACTIV |
Thomson One |
Thomson Reuters (Eikon) |
TradeStation |
|
Index |
VIX |
X.VIX |
VIX.W |
VIX-UT |
.VIX |
$VIX.X |
|
Futures |
UXU2 |
VXU4 |
VX/12U.CF |
VIX/U2-CV |
VXU2 |
VXU12 |
Futures Monthly Codes:
F January
G February
H March
J April
K May
M June
N July
Q August
U September
V October
X November
Z December
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.