May 18, 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 working orders.

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Stocks...

Spu's...only come under pressure with price action below 2112.

This needs closes below 2080 to do any serious damage to the uptrend.

IWM...124.00 is momentum. Above, look for an initial 2 dollars.

FXI...51.58 is the closing upside momentum #

Bonds ...

30 yr..153.27 is support and the weekly downside momentum #.

FBTB ( Italian 10's)...134.38 is the 200 DMA. Watch for market tone.

FX...

EUR/GBP...173.00 is resistance. This will be a major inflection level for the next move.

Euro...needs closes over 115.25 to extend the rally.

Commodities...

Crude...keep it simple. If it's higher on he week it looks ok. The pattern is sideways to up. Tomorrow is expiration which should get it moving.

Gold....needs to hold 1219 on any break.

General Comments or Valuable Insight

?Time Frame Trading today.?

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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