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
APPL Long????????????? ? ?? ????? 520.70????????????????????? 518 ?????????????????????600
SSO Long?????????????????? ? ? ?? ? 98 ?????????????????????????????????????? ? ? ? ? ? ? ? 104
SFH Short????????????????????????? 111.76????????????????????? 112.25???????????? stopped out
USH Short ??????????????????? ? ?? 130.08???????????????????? 128.29
DXJ? Long? Jan 14 52 Call ???? .43
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This is another momentum instrument that can close on or close to it's highs for the year.
30 yr. (Mar)...as long as they stay below yesterday's high of 128.25 they have farther to go on the downside.
EUR/AUD...minimally, look for a test of 155.79? the year high.
Commodities...
It's never pleasant to make a boatload in one market (30 yr. Bonds) and give it all back in another.
Markets will remain extremely thin!
Instruments tend to travel in the direction they've been moving into year end.
Short Term View...
Individual stocks look to be an easier read based off their own technical s.
We're looking for the Equity Indices to rally through the first week of the year.
For Glossary of terms and abbreviations click here.