March 23, 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 VGK ?56 4/17/15 Calls???? ???? ? ?? .50?

LONG ?FXI ??4?4 4?/17/15 Calls?????? ? ?????? .33

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Today's Working Orders

No working orders.

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Stocks...

DAX ...remains firm over 11,900.

Nikkei...June needs price action under 19,500 to show any signs of profit taking going into the end of the qtr.

RIG...needs new price action over 15.40 for higher.

TRN...Trinity has had a nice run. 37.26-50 is resistance. Closes over this level is needed for another run up.
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Bonds ...

FX...

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

109.75-110.00 is near term resistance.

EUR/GBP...72.94 is potentially sticky, this is the weekly momentum # and potential weekly double top level. Through this level there is room for another figure.

GBP/JPY...178.16 is support. Price action above 180.30 is needed for upside follow through from last weeks bounce.

AUD/USD...78.35-40 is near term resistance.

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

97.70-30 is the mvg avg support zone. A close below this level is needed for further weakness.

Commodities...

OIL...needs below 45 to weaken on the P&F /or above 46.90 to strengthen

Gold...still shows 1187 as a closing momentum level. Under 1177 it can rollover to 1164.
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General Comments or Valuable Insight

Greek exit is all the talk again. This will take a couple of days to see how this latest tragedy plays out. In the meantime the U.S Equity Indices have had a big run so we're back to Time frame trading.

Month end is next week making this week a consolidation week.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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