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.... ????????? ????????????????????????????
?????????????????????????????? ?????????????????????????? Entry???? Stop ? ? ?TGT?? ? ? ? ? ? ? ? ? ? ?
Long? JJG??????????????????????????? ???????????????? 38.21 ?? 38.60? ? ?42 ??
?Short JYAH?????????????????????????? ????????????? 83.72
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Working orders
?BUY 4 EPH @? 2066
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Stocks...
Spu's...an early break into the mid to low 2060's should be bought with a tight stop
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Nasd 100...an early break into the low 4260's should be bought with a tight stop
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IWM... A close today over 120.97 puts in an ORH qtr.
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KBE... 34.00 is the qtrly ORH #.
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30 yr. Bonds... 144.28-30 starts resistance.
145.06 is fib resistance and the upside pivot for another 20 ticks.
FX...
EURO....
the next set of sell stops are under 120.42, the 2012 low.
Euro is putting in an ORL year.
GBP/JPY...has been the best looking cross this qtr with an ORH. This will be in focus going into the new year for trend follow through.
Commodities...
OIL...54 is resistance and the upside pivot. Price action and a close over 56 is needed to get excited about the long side. WTI could weaken toward 49 into year end markings as long as rallies to 54 fail.
Brent...could go into the 56 dollar level before year end. Price action and a close over 60.60 resistance is needed for upside.
Natgas...sustained price action over 3.19 can lead to a test of 3.35-38.
There have been lots of questions as some are looking for a trad able low.
All I can say is that I need a fur lined jock to keep my wedding tackle from frosting over here in Chicago.
You still need to sustain above 3.19 for a rally. If it can't rally with this cold snap, best to leave it alone.
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General Comments or Valuable Insight
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Welcome to the Mid-Week year end shuffle.
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I'd like to see a low volume early low into London's close followed by a late day rally in the Spu's.
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Just a heads up, after today's Globex close, the CME has once again made sure that U.S. Futures Traders can't play until after Asia and Europe have had their way with the beginning of the New Year.
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U.S. electronic Futures do not reopen until Friday @ 5:00 A.M. CDT
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Today is irrelevant except for the closes.
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We'll see if 2015 starts out with a howl or a whimper when traders get back from holiday.
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YEN...if I don't have a good lead on this later today I'll likley close it out and wait for Friday.
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