November 22, 2013 – MDT – DXJ & FXI Follow Up

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.

The melt up in equities continues.

I don’t wish to spectate and be totally out of the market.

DXJ…we’ll be using a 49 stop close.

FXI…the stop is 39.

The stops are farther away than I usually like. The game has been to buy or early of pay up late.

I just paid up for some exposure for the weekend.

BKX…which is the regional bank ETF is attempting a break out to the upside on a qtrly chart above 6710.

We’ll keep this on our radar. This has the potential to be a big mover.

For Glossary of terms and abbreviations click here.