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
No current holdings
Orders are "stop on close" unless stated otherwise
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Today's Working Orders
No working orders
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Stocks...
VIX...sell stops are below 13.44.
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Bonds...
30 yr. Bonds...need another close above 133.20 ( today's 200 day mvg avg) to get people buying treasuries.
New Home sales @ 9:00 A.M. CDT should be watched for direction.
FX...
Commodities...
OIL...102.90 is point & figure resistance. 103.45 is the upside pivot where the current buy stops are.
Gold...(G) Feb expires today. The march contract would presently need sustained price action over 1345 to show further strength.
Natgas...(H) Futures expire today. We'll put out further comments this afternoon.
General Comments or Valuable Insight
It's the mid-week shuffle.
I'm not looking for the equities to do anything but stay firm into month end led by the usual suspects.
There is nothing to do in the FX market but lose money.
The energies and the gold have potential to be good trades today.
Oil Inventories should get the ball rolling @ 9:30 CDT
Opening Range Time Frame Trading again today.
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Short Term View...
Keep trading to make money. The opportunity will be in individual names.
Individual stocks look to be an easier read based off their own technical s.
We are positive Equities.
Below is a link to our medium term view and qtrly technical levels. Read it and print it out!?Shellac it onto your desk for reference.
?January, 2014 MediumTerm Outlook-1st-qtr-2014/
For Glossary of terms and abbreviations click here.