March 30, 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 SOXX ????????????????????????? ? ?? 91.50???????????? 88.80

LONG?FB??85 4/02/15 Calls???????????? .49

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Today's Working Orders

SELL 15 VGK ?56 4/17/15 Calls?@ 65

SELL?15 ?FB 85 4/02/15 Calls when FB prints 85?

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Stocks...

SOXX...94.20-50 is resistance and the closing upside pivot for more strength.

Spu's... 2054-57 (Unchanged on the year) will be the focus today into tomorrow's close. This will be support.

Nasd 100...4376-87 is mvg avg resistance/ 4332 is mvg avg support.? I need closes over 4430 to generate new upside targets.

FB...needs to hold higher on the week or the Calls will evaporate.

Bonds ...

Bund...158.10 is support and the downside pivot. A close over 159.30 is needed for higher.

FX...

EURO...needs under 108 support or over 110.10 resistance for a breakout.

GBP/USD...needs under 148 support or over 150 resistance for a breakout.

AUD/USD...is trading into support on the P&F. This is a high risk area to initiate new shorts the first time in. It can start a new leg lower with a close under 76.40 under

Commodities...

WTI...47.25 is the 50% retrace for the past 2 week.

GOLD...1191 was last night's P&F breakdown #. 1182-78 is the short term hold level.

General Comments or Valuable Insight

CFTC? Commitment of trader reports show Dollar longs at a record 6 week high. (mostly Euro shorts).

Dollar up... is the path of least resistance with traders looking to press that direction into qtr end markings.

It's a short week with Qtr end tomorrow & Iran nuclear talks which can have a big effect on Oil.

Unemployment is released Thursday before the long holiday weekend.

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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