January 9, 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

SHORT 2 JYAH Japanese Yen??????????? 84.35??????????? 84.55 All Session

LONG ORCL ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?? 43.45 ? ???????? 42.90

LONG Line?????????????????????????????????????????????? 11.50??????????? 10.80 Close

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Today's Working Orders

SELL?4 Euro @ 119.35?

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Stocks...

Spu...2022-24 is the level that needs to hold on a break.

TWX,V,BLK,EXAS,BRKA have good technical formations. If the Indices hold an early break and start to recover these names have room on the upside.

HCA...puts in an ORH week with a close over 75.04, targeting the mid 80's.

Ford..remains firm over 15.

Bonds ...

30 Yr. Futures...145.19-25 is support although I'm not ruling out a spike down to 145.00.?

148.00 is resistance (the high of value on the point & Figure). Sustained price action over this level is needed to confirm any low.

TLT...could go as low as 126.00 and still be good.

FX...

EURO... look to sell @ 119.40-70.

EUR/AUD...needs back over 145.50 (200 DMA) to screw the shorts in this cross.

Commodities...

WTI...oversold pig. Price action and a close over 50 resistance is needed to elect a short covering to as high as 51.71.

Brent...52.66 is first resistance.

Gold...Price action below 1202 short term upside momentum fades.

The long term point & figure shows that 1177-80 is a must hold level on a break

for Bulls.

General Comments or Valuable Insight

I don't have a game plan. There are many names and sectors that are at resistance..?SOXX,AAPL,FB, MSFT,TSO,UA,DOW to name a few.

It comes down to price action. Either we hold an early break and names start powering up through resistance or not.

Typically this A.M. is more about the metals and the Bonds.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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