June 5, 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

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No current positions.

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Today's Working Orders

No working orders.

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Stocks...

Spu's....held yesterday. Today will be all about how and if the Spu's hold after the non-farms #.? Sustained price action under 2090 will lead to lower. 2110 is resistance.

Nasd 100... 4430-40 level should provide for a bounce.

This is Fib swing support as well as the 50 DMA.

Price action above 4500 and a close over 4506 is needed for higher.

Bonds ...

30 Yr....(U) 148.31 is support @ the 200 DMA.
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FX...

Both crosses completed a .618 retrace of the past 6 months yesterday before Chicago opened.?

EUR/JPY... 138 is first support. 140.70 is the .618 Fib resistance that needs to be overcome for higher.

EUR/AUD...143.60-80 is support.

Commodities...

OIL...OPEC comments will have this rolling today.

Copper... is oversold.

General Comments or Valuable Insight

Let it play out today.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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