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.
Personally I think this will be another take it in the Shorts moment for the Risk off crowd.
A likely scenario is the Indices hold the pattern. I'm not crazy about being short equities into month end.
The Nasd needs a close under 3868.50 & Spu's under 1837.50 for ORL patterns.
Investors seem to be more comfortable buying treasuries than equities at these levels.
So I led off on some TLT. The risk is a close under 107.20.
Not the end of the world if I'm wrong.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
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