January 26, 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 DB ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 30.24??????????? 29 Close???

LONG?GILD ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? 105.14??????? 103.50 Close

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Today's Working Orders

No working orders.

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Stocks...

SPU's...price action over 2043 (50 DMA) is needed to attract buyers.

Nasd 100...gains upside momentum with a close over 4265.

AAPL...reports earnings tomorrow. 110 is support. A close under 106 is needed to turn the pattern down.

Bonds ...

BUND...157.75-50 is support.

FX...

EURO...price action over 112.75 will lead to more profit taking. The pattern buy stops are 113.80.

Euro is bouncing off the Fib .618 of the life of Euro ( 111) , which is the measured swing from 1998. For now this is the swing to watch.

Commodities...

OIL...price action under 44 will need to another swing lower. Point & Figure resistance is 46.25.

GOLD...1279 is support. This is where the pattern sell stops are. Electing these sell stops can lead to another 15-20 dollars in profit taking. 1266 then 1254 (200 DMA).

General Comments or Valuable Insight

Fib support in the Euro has elected profit taking in the Euro against the metals and the Suisse. This is the game that needs your attention.

There is plenty of room in these spreads and crosses for further profit taking.

Pay attention to the opening ranges today to ascertain the next swing.

MSFT reports after the close today. Investors will be looking to see if the strong dollar will have an effect of their earnings.

EURO

Crude

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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