• support@madhedgefundtrader.com
  • Member Login
Mad Hedge Fund Trader
  • Home
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Us
  • Click to open the search input field Click to open the search input field Search
  • Menu Menu

October 21, 2015 - MDT Pro Tips A.M.

MDT Alert

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 Bill Davis, 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

GOGO? Long at $19.93
Premium collected - $1.25

NCR Long Jan 16 $27 Call
Net Debit - $.90

X Long at $14
Premium collected - $.54
Short Nov 6th-$14 Call - $.35

ASNA Long at $14.20
Premium collected - $.30
...........................................................................................

The markets continued their narrow range price action yesterday, with the S & P 500 closing down 2.89.

The futures are trading to the upside this morning before the open.? The key will be to watch the 2,054 level.

If the market stalls there, it should head back down.

A move above that level and it could retest the top band on the monthly chart, which is around 2,154.

Earnings are heating up.? IBM reported and was down $8.58.? And HOG had a 13.9% move to the downside.

This morning, it looks like CMG will have a big move to the downside.? As I write this, it is down almost $50 before the open.

Here are the key levels for the markets.

Stocks...
?
VIX:?

Major level - 25.00
Minor level - 23.44
Minor level - 20.31
Major level - 18.75
Minor level - 17.18 *
Minor level - 14.06
Major level - 12.50

The VIX closed up yesterday at 15.75.

The 17 level should still be resistance.
And the objective should be to 12.50.

S & P 500 Cash Index:?

Major level - 2,062.50
Minor level - 2,054.68
Minor level - 2,039.12 *
Major level - 2,031.30
Minor level - 2,023.35 *
Minor level - 2,007.82
Major level - 2,000.00
Minor level - 1,992.19

The S & P close just under the 2,031.30 level yesterday, at 2,030.77.

Two closes above 2,039.12 and the objective becomes 2,062.50.

Two closes under 2,031.30 and the objective to the downside is 2,000.

Low for the day held just above the 2,023 level.

Nasd 100 (QQQ):?

Minor level - 110.16
Major level - 109.38
Minor level - 108.60
Minor level - 107.03 *
Major level - 106.25
Minor level - 105.46
Minor level - 103.91
Major level - 103.13

I would expect some resistance at the 110.16 area.

Support should be at 107.? Target is to 109.38.

TLT:?

Major level - 128.13
Minor level - 125.78
Major level - 125
Minor level - 124.22 *
Minor level - 122.66 *
Major level - 121.88
Minor level - 121.09
Minor level - 119.53
Major level - 118.75

It would have to close above 125.78 to move higher.

Looks like the? retest of 121.88 is happening.

GLD:

Major level - 115.63
Minor level - 114.85
Minor level - 113.28
Major level - 112.50
Minor level - 111.72 *
Minor level - 110.16
Major level - 109.38

the GLd did close above 112.50 yesterday.
It closed at 112.73.

Two closes above 113.28 and the objective becomes 115.

It has to clear 113.25, which should be resistance.

XLE:

Major level - 75.00
Minor level - 72.66 *
Major level - 71.88
Minor level - 69.53 *
Major level - 68.75
Minor level - 67.97 *
Minor level - 66.41
Major level - 65.63

The XLE reclaimed the 67.97 level, so it would still need two consecutive closes under 67.97 to move lower.

Support should be at 67.97 now.

Apple:

Major levels for Apple are 118.75, 112.50, 106.25, 100, 93.75 and 87.50.
100 should be a major support level for Apple.?

Apple had a nice move yesterday and closed above the 112.50 level, at 113.77.? That scenario was outlined yesterday.

Two closes above 114.06 and Apple should move up to 118.75.

Watch list:
Bullish Stocks:? PCLN, GOOGL, AMZN, ORLY, NKE, GPN, HD, CLX, V, MCD, DPS, CRM, VRSN, JOE, DF, ADBE

Bearish Stocks: ZBRA, EXP, FOSL, LSTR, KSS, CAB, DKS, STX, HAE, CFX, ESPR, PCRX, CUDA

Be sure to check earnings release dates.

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share by Mail
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2015-10-21 08:53:512015-10-21 08:53:51October 21, 2015 - MDT Pro Tips A.M.

tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Mad Hedge Fund Trader (“Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’s brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade. 

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2025. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Link to: October 21, 2015 Link to: October 21, 2015 October 21, 2015 Link to: October 22, 2015 - Quote of the Day Link to: October 22, 2015 - Quote of the Day October 22, 2015 - Quote of the Day
Scroll to top