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
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Stocks...
DAX...needs closes over 9400 for higher.
EWG...30.12 is a potential weekly double bottom. Closes over 31 are needed for higher.
Nasd 100...3623 is mvg avg resistance and the daily upside pivot.
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Bonds...
10 yr. Bond (M)....by holding last night's low, this has the potential to rally a point.
FX...
AUD/USD...91.38 is today's 200 day mvg avg ( 90.87 M Futures)
It's firm above.
EUR/AUD...150.85 is support, however once through look for 149.50.
If the Aussie can manage a rally from here, this is the cross that will lead.
AUD/NZD...107.10 will be a difficult level to close over.
Commodities...
Oil...is caught between the 50 ( 99.40) & 200 day mvg avg.@ 100.44
Coffee...put in a daily bottoming pattern which could lead to a test of 18240.
General Comments orValuable Insight
Less is more. I have no desire to get involved today.
Equity Indices held their respective yearly closes yesterday near the lows of the day.
Closing lower on the year in the Spu's & Nasd 100 would have me looking for lower levels.
GOOG, NFLX, IBB and some of the bigger momentum names all hit weekly support on yesterday's lows.
Those lows need to be breached for a bigger sell off.
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 Neutral Equities.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
For Glossary of terms and abbreviations click here.
