January 22, 2015 - MDT - The Late Show

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.

MVV & IWM are leading the U.S. Indices.

IWM is attempting an ORH day. A close over the 50 DMA @ 117.65 would confirm the pattern.

MVV....a close over 74.40 would have me targeting the low 80's

DAX continues to lead the world. 11,000 is the initial swing count as long as there is no close below 10,000 which would seem improbable at this point.

IYT...broke out to the upside today. This pattern remains bid as long as there is no close below 161.40.

GOOGL...a close over 547 is needed for a test of new contract highs.

XOM...has broken out over 92.07.

Silver...18.61 is a retest of the ORL qtr it broke from in the second qtr of 2014.

There is a lot of room on a qtrly chart to the upside.

BUY TBT Market On Close.
BUY GILD Market On Close.
BUY DB Deutsche Bank market On Close....I'll be using a 29.25 Stop Close.

SELL 4 YEN Market On Close. 2 P.M. CDT

These are 3 P.M. CDT orders.

Nikkei held it's # sets this A.M. on the break. Look for this to join the "Risk On" party tonight.

Indices are unchanged on the year. The game starts anew.

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.