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? JJG?????????????????????????????????????????? 38.21?????????? 38.21 Intra-day
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Today's Working Orders
No working orders.
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Stocks...
Spu's...(H) 2037 is today's mvg avg resistance.
EWW...58 is mvg avg resistance. Once above this has room to run to 60.
EWZ...36.30 is mvg avg resistance. Once above this has room to run to 38.20.
ASX 200...this is firm as long as there is no close below 5190.
DAX...9800 is resistance.
GS...187 is the 50 DMA. Once over look for 190.
Bonds ...
TBT...resistance starts @ 47.50- 47.90.
FX...
USD/JPY needs closes back over 118.65 to confirm a lower Yen.
EURO...124.20 is resistance and the low risk sell zone.
Commodities...
Brent Oil...60 dollars is now the pivot. Good above/negative below.
Crude...WTI...there is currently a double top on the point & figure chart @ 58.75.
Today's mvg avg closing momentum # is 59.60.
January futures expire today. (G) FEB is the front month.
Soybeans...with a couple of closes above 10.57 the Beans can take the lead for another rally to just over $11.
General Comments or Valuable Insight
You've had a big mid-week shuffle with two days of bottoming action in Risk assets.
Look to buy any break in the Spu's around the 50 DMA in the mid 1990's.
Midcap has the best technical structure.
IWM is a buy around 116 with a tight stop.
Today is the last full day of trading for the December contracts in the Equity Indices?and U.S. Bonds.
March 2015 (H) is the active contract.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.