• 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

September 9, 2016 - 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
Total Premium collected - $1.95

ASNA Long at $14.20
Total Premium collected - $.75

ETE Long $14.05
Total Premium collected - $2.47
Short Sept 16th-$19 Call - $.18

P Long $13.38
Total premiums collected - $.70

DUST Long $4.50
Total Premium collected - $.70

FCX Long $12.45
Total Premium collected - $.24

CIEN Long Oct 21-$22 Call - $1.39
CIEN Short Oct 21- $24 Call - ($.52)

..........................................................................................

The S & P 500 continues to struggle to get above the 2,187.50 level.

The high for the day was 2,184.94, before closing at 2,181.30.

The VIX closed at 12.51, just one penny above the major 12.50 level.

At this point, I would expect 11.72 to offer support for the VIX.

With this narrow range trading, profit taking would not be out of the question.

A pullback would be an opportunity to get long.

The S & P 500 should open to the downside this morning.

Continue to follow the levels.

Here are the key levels for the markets.

VIX:

Minor level - 17.96
Major level - 15.63 **
Minor level - 14.85
Minor level - 13.28 *
Major level - 12.50 *
Minor level - 11.72
Minor level - 10.15
Major level - 9.38

With the VIX closing above 12.50, expect the 11.72 level to offer support.

To move up to 15.63, the VIX will need two closes above 13.28.

13.28 could offer minor resistance at this point, but if the VIX gets above it, expect it to offer support.

S & P 500 Cash Index:?

Major level - 2,250.00
Minor level - 2,234.38
Minor level - 2,203.12 *
Major level - 2,187.50 **
Minor level - 2,171.88 **
Minor level - 2,140.62
Major level - 2,125.00
Minor level - 2,109.38
Minor level - 2,078.12
Major level - 2,062.50

The S & P 500 will need two closes under 2,171.88 to move down to 2,125.

At this point, 2,171.88 should be minor support. If the market gets under this level, then it should offer resistance.

First objective down on a break should be to the 2,156 level.

2,183.60 should be minor resistance.

Nasd 100 (QQQ):?

Major level - 121.88
Minor level - 120.31
Minor level - 119.53
Major level - 118.75 *
Minor level - 117.97 *
Minor level - 116.41 *
Major level - 115.63
Minor level - 114.85
Minor level - 113.28
Major level - 112.50

The QQQ sold off and closed at 117.23. A close today under 117.97 and the QQQ should drop to 115.63.

117.58 should be minor resistance and 117 minor support.

TLT:?

Major level - 143.75
Minor level - 142.96
Minor level - 141.41
Major level - 140.63
Minor level - 139.85
Minor level - 138.28 *
Major level - 137.50 *
Minor level - 136.72
Major level - 134.38

The TLT hit the 137.50 level.? To move lower, the TLT will need two closes under 136.72.

Minor support is at 136.72 and minor resistance at 138.28.

GLD:

Major level - 131.25
Minor level - 130.46
Minor level - 128.91 *
Major level - 128.13 *
Minor level - 127.35 *
Minor level - 125.78
Major level - 125.00
Minor level - 124.22

128.91 is acting as resistance.

126.56 should be minor support.? Minor resistance should be at 128.13.

To move lower, the GLD will need two closes under 127.35.

XLE:

Major level - 75.00
Minor level - 74.22
Minor level - 72.66
Major level - 71.88 *
Minor level - 71.10
Minor level - 69.53 *
Major level - 68.75 *
Minor level - 67.96
Minor level - 66.41
Major level - 65.63
Minor level - 64.85

The XLE hit the 71.88 level yesterday, with the high for the day at 71.94.

71.48 should now be minor support.? And 72.66 should offer minor resistance.

FXY:

Major level: 96.09
Major level: 95.31
Major level: 94.53
Major level: 93.75 **
Major level: 92.97
Major level: 92.19

A close today under 94.34 and the FXY should retest 93.75.

93.36 should be minor support.? Expect resistance at 94.53.

Apple:

Major levels for Apple are 112.50, 106.25, 100, 93.75, and 87.50.

Apple failed to close above 107.81, and sold off and closed at 105.52.

With a close under 106.25, expect that level to offer resistance.

Two closes under 105.47 and Apple should drop to 103.

Watch list:

Bullish Stocks: NTES, BIDU, DPZ, FB, SWK, PX, ECL, EW, AGU, BABA, DXCM, YUM, WDAY, SINA, ANET

Bearish Stocks:? REGN, BA, ANTM, CELG, GILD, LLY, DDS, BLUE, UA, FOSL, WDR
?
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 DougD https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png DougD2016-09-09 09:21:222016-09-09 09:21:22September 9, 2016 - 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: September 9, 2016 Link to: September 9, 2016 September 9, 2016 Link to: September 9, 2016 - MDT Alert (P) Link to: September 9, 2016 - MDT Alert (P) September 9, 2016 - MDT Alert (P)
Scroll to top