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.
GOOG...the buy stops are over 1225. A Friday close over 1229 will start this on another leg to the upside.
CAD/JPY...this cross can be used as a surrogate Risk On instrument.
92.85 is current resistance and the Friday upside closing pivot.
GBP/USD...is the best looking currency to be long with a 166.40 closing stop
CBI...82.85-90 is first?support
FEYE...this could go another 10%?
COF...breaks out to the upside with a close over 74.05
BAC...17.42 should be monitored for possible price rejection, however closing over this level will lead to much higher targets
January, 2014 MediumTerm Outlook-1st-qtr-2014/
For Glossary of terms and abbreviations click here.
