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
Long?GLD??? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?125 ? ? ??????? 125? Stp Close
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Today's Working Orders
SELL?GLD ? @ 125 Stp Close GTC
I will be traveling tonight into tomorrow.
There will be no further updates this week.
That will be me in a seat drinking away my sorrows for screwing up the Vix trade.
Such is the nature of trading.
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Stocks...
Spu's...we tested the 1952 level. Sustained and closing price action under 1954 will lead to more downside.
AAPL...is the canary in the coal mine. A Friday close under 93.52 signals more weakness.
VIX...has gone from double bottoming yesterday to rallying to a 30% rally into weekly resistance.
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Bonds...
30 yr. Bonds...I'm a seller @ 140.15
FX...
Commodities...
Oil...has hit all my #'s both ways. Buy stops are @ 104.20, the weekly ORH#.
Gold...strengthens over 1326. 1300 is support.
General Comments orValuable Insight
Please read the qtrly update again, therein lies the game plan.?
APPLE
VIX
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
