The Mad Hedge Fund Trader “Special “Patience” Issue”

1. With John Thomasfrom Incline Village, NV March 18, 2015www.madhedgefundtrader.com The Mad Hedge Fund Trader“Special “Patience” Issue”

2. MHFT Global Strategy LuncheonsBuy tickets at www.madhedgefundtrader.com Honolulu, HawaiiApril 3, 2015 Incline Village, NevadaApril 17, 2015

3. MHFT Global Strategy LuncheonsBuy tickets at www.madhedgefundtrader.com Chicago, IllinoisApril 30, 2015 Las Vegas, NevadaMay 8, 2015

4. *January MTD +0.53% Final*February MTD +7.73% Final*March MTD -0.45%*2015 Year to Date +7.81%compared to +1.5% for the Dow Average*Trailing 1 year return +30.8% *First 220 weeks of Trading +160.6%!*11 out of 13 consecutive profitable Trade Alerts, 6.43% from new All time high! Trade Alert PerformanceUp on the Year!

5. Portfolio ReviewNo Positions!-100% Cash (FXE), (FXA), (GLD), (USO) at extremely oversold(FXY) extremely overbought(SPY), (QQQ), (IWM) in correction which may or may not end today(TLT) trendlessOn the Short list:buy (IWM), (HEDJ), (DXJ), (YCS)sell (FXE)

6. Paid Subscriber Trailing 12 Month Return +36.8%

7. 50 Months Since Inception Averaged annualized +37.6%

8. *Multiple reallocations are changing the character of global financial markets, could be the new trades for the rest of 2015 *out of US and into Europe *out of US large caps into US small caps *Out of bonds into stocks *Out of all foreign currencies into dollar*Oil reaching a selling crescendo on storage crisis, could hit $30 handle by Friday*Euro plunge now hugely overextended*Gold threatening new lows*Coming spring thaw brings new lows for ags Strategy Outlook-Waiting for the Fed

9. The Jim Parker ViewThe Mad Day Trader-On sale for a $1,500 upgrade Technical Set Up of the Week- Waiting for Wednesday Fed Meet Buy Individual US biotech namesEurope (HEDJ) and Japan (DXJ) on dipsSell Short Run oil (USO) short with trailing stopAvoidUS stocks, stuck in narrow rangeEuro (FXE) on upside breakoutBond (TLT) until new trend confirmedGold (GLD) on rate rise prospects

10. *Welcome to the mini growth recession*ECB raises 2016 GDP forecast from 1.5% to 1.9%, thanks to QE launchon March 9, rising exports to the US and China *West coast port strike, weak euro, and bad weather blamed for US GDP revision from 2.6% to 2.2%, February retail sales off -0.6%, Producer Price Index down -0.5%, Feb Industrial Production drops from +0.3% to +0.1%*China cuts 2015 GDP growth forecast from 7.5% to 7%*Weaker yen boosting Japanese economy, has become a hedge fund favorite The Global Economy-Another Batch of Bad Data

11. Weekly Jobless Claims – Another Run at the Lows-36,000 to 289,000

12. *If “patience” comes out of Fed statement, bonds crater*If “patience” stays in Fed statement, bonds rally strong, and you want to sell into this rally*Weak US data giving bonds support here*The big reallocation out of bonds into stocks has started, major unloads by China and Russia*Fed not to raise interest rates until 2016, reinforced by oil and bond yield crashes, but bond market is starting to discount it now*Deflation is here to stay Bonds-It’s All About “Patience”

13. Ten Year Treasuries (TLT) 2.04%Is This the Top?

14. Ten Year Treasuries ($TNX) 2.04%Where is the Trend?

15. 30 Year Treasury Yield ($TYX)-Yield 2.61%

16. Junk Bonds (HYG) 5.48% YieldThe New Lead Contract

17. 2X Short Treasuries (TBT)

18. Investment Grade Corporate Bonds (LQD)3.35% Yield

19. Emerging Market Debt (ELD) 5.77% Yield - New Lows!

20. Municipal Bonds (MUB)-2.70% yield, Mix of AAA, AA, and A rated bonds

21. *1/3 of Dow stocks now at 52 week low*If “Patience” stays in, stocks rally to new highs, if not, we could get a 10% correction*Massive shift out of the US into Europe going on, $33.6 billion out of US equity mutual funds in 2015, $35.6 billion into Euro funds*Assets in (HEDJ) International ETF up 10X in 12 months to $12 billion*Money that is staying in the US is moving out of big caps into small caps to dodge the Euro hit on corporate earnings*Remaining US focus is on biotech and health care*Japan is another big reallocation targetNikkei hits multiyear highs*Volatility recovers $17 handle Stocks-The Stealth Bear Market

22. S&P 500-Breakout from Another Sideways consolidationtook profits on the long 3/$200-$204 vertical bull call spread

23. Dow Average-Head and Shoulders Topping Risk

24. NASDAQ (QQQ)-

25. Europe Hedged Equity (HEDJ)-New 7 Year Highsassets up 10X in a year

26. (VIX)- Coming Back to Life

27. Russell 2000 (IWM)-Going from Strength to Strength

28. Technology Sector SPDR (XLK), (ROM)

29. Industrials Sector SPDR (XLI)

30. Health Care Sector SPDR (XLV), (RXL)trend is still up

31. Financial Select SPDR (XLF)-Rally on Bond Bust Fades

32. Consumer Discretionary SPDR (XLY)

33. Apple (AAPL) –Apple TV network boost

34. Cisco Systems (CSCO)-took profits on our long 3/$27-$29 vertical bull call spreadChina bans purchases of foreign technology

35. China (FXI)-Shanghai Index hits 7 year high

36. Japan (DXJ)-Hedged Japan Equity

37. Japan Nikkei Average

38. Japanese Yen

39. Sony (SNE)

40. Emerging Markets (EFA)-

41. India (EPI) –New 4 Year High

42. *Euro QE has begun, buy the rumor, sell the news*Immense profits have built up in Euro, short positions are the largest in history*If “patience” stays in, watch out for round of Euro and Yen profit taking* if “patience” comes out, dollar soars to new highs on rate rise prospects*Watch for rotation out of euro shorts andinto yen shorts so yen can play catch up*Aussie (FXA) can’t catch a break, withweak oil dragging all of itscommodities down Foreign Currencies-Waiting for the Fed

43. Euro ($XEU), (FXE), (EUO)took profits on long the 4/$112-$115 vertical bear put spread$105 Target hit, next is $85 after a rest of weeks to months

44. Long Dollar Index (UUP)-Short term overshoot

45. British Pound (FXB)-

46. Japanese Yen (FXY)-

47. Short Japanese Yen ETF (YCS)

48. Australian Dollar (FXA) –No Friends

49. Chinese Yuan- (CYB)

50. Emerging Market Currencies (CEW)Dragged down by commodities collapse