March 26, 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
LONG VGK ?56 4/17/15 Calls???? ???? ? ?? .50?
LONG ?TLT?????????????????????????????? ? 132.57
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Today's Working Orders
SELL 15 VGK ?56 4/17/15 Calls?@ 65
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Stocks...
Spu's..did the first swing and more yesterday all before London closed.
2033 is first support, however if below look for a test of the 200 DMA @ 2006.
Nasd 100... 4261-65 is support. This is a cover zone the first time down/ and a buy before you sell zone with a very tight stop.
GS...the weekly pattern is concerning. Daily support comes in around 185, however a? Friday close over 189 is needed to keep the pattern intact.
SOXX...89 (200 DMA) is a low risk buy level, which is 10% off Friday's high. At least here you can look for a bounce with a 2% stop.
Bonds ...
30 Yr. Bonds...163.15 will act as the short term pivot.
10 Yr. Bonds...the risk to be long the Ten yr. is yesterday's low 128.24
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FX...
EURO... resting buy stops are @ 110.36. Sustained price action above, look for a run to 111.
EUR/AUD...short term this remains positive over 139.75 and gains upside momentum over 140.54.
Commodities...
WTI...52.22 just shy of last night's high is a weekly mvg resistance #. This is the first time we've been anywhere near this line since last June when Oil was over 100.
It's a pretty good place to stop the first time up.
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General Comments or Valuable Insight
The VGK calls are thin. I placed a price order to sell yesterday @ .65 cents.
Just leave the order working.
All hail the computers...no buyers!
I'm not expecting it to get much better until the Fall. The next few months will be an instrument specific short term trade.
Spu's are unchanged on the year and managers have nothing to show for the qtr unless you've taken your money, even in specific names.
I bought the TLT because I was looking for a couple of risk off days, unfortunately I took it in the ear with that as well.
Every overnight high from the metals ,Oil, Currencies to the lows in the Spu's and Nasd 100 are key levels to watch for price rejection.?
Markets can do an about face.
Goldman Sachs...Weekly
Goldman Sachs
SOXX
S&P 500 MINI Future
