March 11, 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 GOOGL?????????????????????????????????????? 561?
LONG USO 17.5 PUT?????????????? ? ? ? ? ? ? ???? .39

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Today's Working Orders

BUY? AUD/NZD @ 99.95?

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Stocks...

Spu's...2044 is the weekly hold # and the closing downside pivot for more weakness.

Nasd 100...4333...4285...4265; these are the support levels coming down. They will not change.
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BIB & IBB...Closed neutral " right on their momentum #'s.

XLV...70.80 is support and the downside closing pivot.

HAL...49 is the momentum hold level and the 50 DMA.

SWKS...needs to hold above 90 to not rollover.

VIX...15.80 will be pivotal all day.

Bonds ...

BUNDS...is on the way to an eventual 159.00 print. It got pretty close last night.
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FX...

EURO... 108.65 is point & figure resistance. 102 is an eventual target.

Commodities...

OIL... above 49.25 Oil can rally another dollar. Below 48.20 l.ook for more weakness

Brent...56.30 is 50 DMA support. A close under this level is needed for more weakness.

General Comments or Valuable Insight

You've heard of paint by the #'s, this is trade by the #'s.

For "Risk On" I would like to see yesterday's closes hold in the Spu & Nasd 100 and price recovery and a close in the Spu's higher on the Year (over 2054).

GOOGL...I need to see a rebound from here. I'll try and let this play out to see if the Indices can show strength.
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WTI...Crude Oil

150310_204328_CQG_Integrated_Client_Chart_CLEJ5_-_Crude_Light_(Globex)_Apr_15_Point_&_Figure_25x3_Ticks

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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