March 20, 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 open positions.

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Today’s Working Orders

BUY AUD/NZD @ 99.95?

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Stocks…

March DAX & Euro Stoxx expire today. Look for continued strength.

Biotech lottery…the Bots take hold of these early.

If you’ve an interest in a name you need to be on it in the first few minutes of trade.

BSX… looks good against 17.10

 

Bonds

Bonds…(M) 153.00 will continue to be pivotal in the June. Good above/profit taking below.

 

FX…

EURO… 106.40 is support. A close below 105.40 is needed for lower

GBP/JPY...is due for a bounce as long as it remains above 178.16.

AUD/USD…remains firm above 76.40.

DXEM…dollar index needs a close over 100.25 resistance for a new upside to begin.

 

Commodities…

OIL…April expires today. Look for continued weakness.

Brent…sustained price action back over 53.40 could elicit some short covering. Closing under 52.50 should lead to another run toward the Jan low of 45.19.

 

General Comments or Valuable Insight

Long European equities will continue to be the feature going into the end of the qtr.

Profit taking in the dollar should be positive the U.S. multinationals.

Let the day unfold and do not chase anything.

 

 

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.