May 11, 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 current positions.

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Today's Working Orders

No workin orders.

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Stocks...

Financials..led by DB,GS & WFC all put in an ORH pattern on Friday. These will be opening range trades. Holding Friday's close and starting higher is the price action you want to see to hop on board.

Agios...ripped higher out of the opening range Friday for a 10% move. This is one of the Bio names with a constructive pattern.

Zulily (ZU) is in play. Opening range trading. Buy any good Pull back. This is up 20% in premarket.

GPRO...can be traded against Friday's close. Strong above/weak below.

TRIP & EXPE...are being bought against short PCLN @ 1224 resistance level.

VIX...I will be looking to buy again sometime today, whether price action dictates early or (with a Risk On RIP) on the close, looking for another trading opportunity off the mid-week shuffle.

VIX has been delivering 5-10% pops out of the low 12's. Might as well keep doing it as long as it keeps working. Great strategy for the Long only investor.

I'll be using the UVXY

Bonds ...

Bunds...155.74 is the key feature. Maintaining and closing below this level would mark the technical top of this instrument.

30 Yr. Bonds... point & figure chart shows 155.12 +- a couple to be pivotal. Bonds either hold or they don't here.

FX...

AUD/NZD...107.14-34 is resistance and the closing upside pivot area for more strength.

EUR/GBP...71.65 is trend line support. Below, there is room for a broader sell off in this cross.

Commodities...

OIL...needs over 60 resistance to rally anywhere. 57.55 is mvg avg support.

NATGAS...2.96 +- a few ticks is the next closing hurdle. Above, this should move in app 10 cent increments where I have resistance
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General Comments or Valuable Insight

?Long Equity/Short Treasuries? spreads in Europe and U.S. look constructive.

Trade the names that have constructive patterns.

Deutsche Bank

Wells Fargo

Goldman Sachs

?LNG

?OIH

?Natgas?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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