March 9, 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
No open positions
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Today's Working Orders
BUY? AUD/NZD @ 99.95?
BUY GOOGL @ 561?
Stocks...
Spu's...I still have 2061 as a level to look to buy before you sell. Looking at a long term point & figure Spu's could work there way into the high 2040's and still hold long term pattern integrity.
GOOGL...560 is the 200 DMA.
AAPL...needs to sustain and close over 129.00 for more strength.
Nasd 100...4390 is short term mvg avg support. Below, Nasdaq has room for a 100 point break. 4436 is resistance and the upside closing momentum level.
Bonds ...
BUNDS...(M) 157.40 followed by 158.00
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FX...
EURO...came within 8 ticks of my longer term objective last night eliciting it's first 80 point reversal in 500 points. Time to be patient, this currency needs more than 12 hours to digest it's recent move.
Commodities...
OIL & Brent...both look range bound. Both need to sustain under last weeks low for more downside.
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General Comments or Valuable Insight
The board needs some time to digest Friday's moves before I commit to anything.
The U.S. Equity Futures could hold the overnight lows and rally.
keep it simple today and use the NYSE opening as your guide.
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.