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??Ford (F)???????????????????????????????????? 14.19?????????? 14.00 Close
LONG? JJG?????????????????????????????????????????? 38.21
LONG SLV 12 DEC 14 16.50 Call???? .16
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Today's Working Orders
No working orders.
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Stocks...
Spu's...2058 is this week's support
Bonds ...
Bund & Italian Bond Futures expire today.
FX...
EUR/JPY...148.23 is today's ORL #. Sustained price action under 148.00 is needed for further profit taking.
USD/JPY...119.69 is today's ORL #. Sustained price action under 119.50 ( over 83.68 Futures) is needed for further profit taking.
Commodities...
OIL...short term point & figure resistance is 68.10. Only price action above 69.50 will hurt the long term Bears.
63.72 should be monitored for a possible bounce
General Comments or Valuable Insight
The week is starting out in back and fill mode.
Time Frame Trading today.
Next week is the important set up week for the next qtr.?
For Medium Term Outlook click here.
For Glossary of terms and abbreviations click here.