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
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Stocks...
Nasd 100...could slide back to 3885-90 and be good after Friday's ORH day.
FTSE...is caught between 66653 & 67160. This needs above or below for follow through.
NEOG,VIVO,NBIX,THRX,ABBVIE,
TESS...Tessco Technologies reports today after putting in an ORH Friday.
SCIF...50 is resistance and the upside closing pivot.
VIX...11.75-80 is mvg avg support.
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Bonds...
FX...
USD/CHF...89.50 is mvg avg Dollar support (Futures resistance @ 111.85)
Commodities...
Gold...strengthens over 1326. 1300 is support.
Oil...102.50 is today's P&F support.
General Comments orValuable Insight
It's going to be an earnings driven day. I'd look to the aforementioned names for opportunity playing the little lotto today.
Let the day set up and pay attention to your time frames?for short term opportunity.
For Medium Term Outlook click here.
?For Glossary of terms and abbreviations click here.
