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.
We're looking to increase our Long weighting in the SSO on the close.
We'll be looking to add the DXJ on the close.
Here is what looks good right now.
GS,GOOG,IBB.XLV,F
AAPL...needs a close over 522 for higher.
F...Ford closing above 16.85 puts in an ORH day, a price positive pattern.
Nasd 100 has already taken off above 3365. A close over this level puts in an ORH day. We'd expect follow through on this pattern with closing confirmation
All these patterns look positive.
The Oil rally is helping the Emerging markets to find positive footing.
Here are the following closing orders...they are Stop On Close orders!
BUY another 5% weighting in the SSO @ 94.10 Stop Close Only.
We're doubling the position.
BUY DXJ @ 48.25 Stop Close Only.
This gives us some short Yen exposure along with Long Nikkei.
BUY TBT Market On close....this should be a 25% weighting
Yellen is testifying tomorrow so I'm willing to lead off with a nibble.
These are end of day trades. We are not chasing anything.
If the markets are not above these levels going into the close?we will not be executing these orders!
For Glossary of terms and abbreviations click here.
