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.
Yesterday's highs in individual names that gapped up today need to hold on any intra day pullback.
I.E. GOOG...1207.50
Nasd 100 tgt has not changed. "3754"
The markets have been a feeding frenzy since I woke up at 2 A.M.
Investors are chasing names, something I am unwilling to do at these levels.
The rest of the day will be a time frame trade. Markets should stay firm through London's close.
January, 2014 MediumTerm Outlook-1st-qtr-2014/
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