May 28, 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 MCHI??? ? ? ? ? ? ? ? ? ? ? ? ? ? ??????????? 63.00?

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Today's Working Orders

No working orders.

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Stocks...

DAX...11,860 is resistance and the upside pivot.

SHCOMP...put in an ORL last night down 6.5%. This is a big topping pattern right into 4617 first support.

Bonds ...

10 Yr. Bonds...127.10 is the 200 DMA. This is support and the downside pivot.

Trade the level. Good above/negative below.

127.30 is momentum resistance.

FX...

USD/JPY...Yen elected the 2007 stops above 124.25 USD/JPY.

EUR/JPY... 135.70 + a few is resistance. 137.17 is the 200 DMA.

AUD/USD...76.25-40 is support. Closing below this level would be needed for a new leg down.

GBP/USD...151.55 is support and the weekly momentum level for more downside.

Commodities...

OIL...57.00-57.25 is the support zone and the downside pivot.

Copper...(N) needs a close over 2.86 to start a rally.

Natgas...(N) 2.80 will be pivotal.

Gold...1183.00 is the pivot for the yellow metal. Below, look for an initial $40 move.

General Comments or Valuable Insight

I took a position in mainland China yesterday. I'll look at the U.S. ETF after the opening.

The Dollar could be done for a while. We've come far enough in a lot of different currencies to go into a consolidation pattern.

Trade the price action. I have no good ideas

For Medium Term Outlook click here.

For Glossary of terms and abbreviations click here.

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