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.
Global Market Comments
October 3, 2013
Fiat Lux
Featured Trade:
(JOIN THE INVEST LIKE A MONSTER SAN FRANCISCO TRADING CONFERENCE),
(THE MAD DAY TRADER?S Q4 TARGETS),
(SPY), (QQQ), (TLT), (USO), (UNG),
(GLD), (FXY), (FXE),
(AN AFTERNOON WITH DR. PAUL EHRLICH),
(POT), (MOS), (AGU), (CORN), (WEAT), (SOYB)
SPDR S&P 500 (SPY)
PowerShares QQQ (QQQ)
iShares Barclays 20+ Year Treas Bond (TLT)
United States Oil (USO)
United States Natural Gas (UNG)
NewGold Debentures (GLD)
CurrencyShares Japanese Yen Trust (FXY)
CurrencyShares Euro Trust (FXE)
Potash Corp. of Saskatchewan, Inc. (POT)
The Mosaic Company (MOS)
Agrium Inc. (AGU)
Teucrium Corn (CORN)
Teucrium Wheat (WEAT)
Teucrium Soybean (SOYB)
I am pleased to announce that I will be participating in the Invest like a Monster Trading Conference in San Francisco during October 25-26. The two-day event brings together experts from across the financial landscape that will improve your understanding of markets by a quantum leap and measurably boost your own personal trading performance.
Tickets are available for a bargain $399. If you buy the premium $499 package you will be invited to the Friday 6:00 pm VIP cocktail reception, where you will meet luminaries from the trading world, such as tradeMONSTRS?s Jon and Pete Najarian, Guy Adami, Jeff Mackey, and of course, myself, John Thomas, the Mad Hedge Fund Trader. All in all, it is great value for money, and I?ll personally throw in a ride on the City by the Bay?s storied cable cars for free.
Jon Najarian is the founder of optionMonster, which offers clients a series of custom crafted computer algorithms that give a crucial edge when trading the market. Called Heat Seeker ?, it monitors no less than 180,000 trades a second to give an early warning of large trades that are about to hit the stock, options, and futures markets.
To give you an idea of how much data this is, think of downloading the entire contents of the Library of Congress, about 20 terabytes of data, every 30 minutes. His firm maintains a 10 gigabyte per second conduit that transfers data at 6,000 times the speed of a T-1 line, the fastest such pipe in the civilian world. Jon?s team then distills this ocean of data on his website into the top movers of the day. ?As with the NFL,? says Jon, ?you can?t defend against speed.?
The system catches big hedge funds, pension funds, and mutual funds shifting large positions, giving subscribers a peak at the bullish or bearish tilt of the market. It also offers accurate predictions of imminent moves in single stock and index volatility.
Jon started his career as a linebacker for the Chicago Bears, and I can personally attest that he still has a handshake that?s like a steel vice grip. Maybe it was his brute strength that enabled him to work as a pit trader on the Chicago Board of Options Exchange for 22 years, where he was known by his floor call letters of ?DRJ.? He formed Mercury Trading in 1989 and then sold it to the mega hedge fund, Citadel, in 2004.
Jon developed his patented algorithms for Heat Seeker? with his brother Pete, another NFL player (Tampa Bay Buccaneers and the Minnesota Vikings), who like Jon, is a regular face in the financial media.
In order to register for the conference, please click here. There you will find the conference agenda, bios of the speakers, and a picture of my own ugly mug. I look forward to seeing you there.
Cling! Cling!
Jon Najarian
Jim Parker, The Mad Day Trader, has published his targets for a broad range of asset classes for the fourth quarter of 2013. The numbers are the product of his proprietary model, which he has developed over the past 40 years, and generated one of the most outstanding track records in the business. Ignore Jim?s views at your peril!
Jim says that stocks will bottom in coming weeks and begin a run that will take the S&P 500 (SPY) up to 1,730. Break that with conviction, and the next goal will be 1,780. If NASDAQ breaks 3,240, then we could tack on another 100 points very quickly.
Jim is a died-in-the-wool bear on bonds, and sees the entire fixed income space returning to long term normalized yields. It would be wise to sell every serious rally. It is unlikely that the iShares Barclays 20+ Year Treasury ETF (TLT) will rally from today?s $106.20 to above $114.62. Try to establish shorts and sell premium as close to that number as you can get.
The Japanese yen has correctly been a major focus of the foreign exchange market this year. Jim is a bear here as well. His quarterly pivot for the (FXY) is $98.63, and if we break $97.35, much lower targets beckon. He is modestly positive on the euro (FXE), as long as we maintain above $133.50.
Gold has been hammered this year, tracking the Treasury bond market almost 1:1 to the downside, as ?RISK ON? investors flee towards higher yielding instruments. Don?t expect any relief until we definitively break $1,420 on the upside. Stay away until then.
Jim is also negative on oil as long as we don?t break $104.70-$105.30 in the spot, or $38.18 in the (USO). Jim sees copper as weak and could be hit with another selloff.
The grains have been a graveyard this year for traders, as the largest crops in history have come in better than expected. Play the dead cat bounces, and buy every 8%-10% dump for a quick snap back rally.
While the Diary of a Mad Hedge Fund Trader and its Global Trading Dispatch focus on investment over a one week to six-month time frame, Mad Day Trader will exploit moneymaking opportunities over a 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. During normal trading conditions, you should receive two to five market updates and Trade Alerts a day.
As with our existing service, you will receive ticker symbols, entry and exit points, targets, stop losses, and regular real time updates. At the end of each day, a separate short-term model portfolio will be sent to you and posted on the website.
Jim is a 40-year veteran of the financial markets and has long made a living as an independent trader in the pits at the Chicago Mercantile Exchange. He has worked his way up from a junior floor runner, to advisor to some of the world?s largest hedge funds. We are lucky to have him on our team and gain access to his experience, knowledge, and expertise.
I have been following his alerts for the past five years, and his market timing has become an important part of the ?unfair advantage? that I provide readers.
A trading service with this degree of success and sophistication normally costs $20,000 a year. As a client of The Mad Hedge Fund Trader, you can purchase Mad Day Trader alone for $699 per quarter, or $2,000 annually. Or you can buy it as a package together with Global Trading Dispatch, which we call Global Trading Dispatch PRO, for $4,000 per year, a 20% discount to the full retail price...
To learn more about The Mad Day Trader, please visit my website. To subscribe, please click here.
Pack your portfolios with agricultural plays like Potash (POT), Mosaic (MOS), and Agrium (AGU) if Dr. Paul Ehrlich is just partially right about the impending collapse in the world?s food supply. You might even throw in long positions in wheat, corn, soybeans, and rice.
The never dull and often controversial Stanford biology professor told me he expects that global warming is leading to significant changes in world weather patterns that will cause droughts in some of the largest food producing areas, causing massive famines. Food prices will skyrocket, and billions could die. At greatest risk are the big rice producing areas in South Asia, which depend on glacial run off from the Himalayas. If the glaciers melt, this will be gone.
California faces a similar problem if the Sierra snowpack disappears. Rising sea levels displacing 500 million people in low-lying coastal areas is another big problem. One of the 77-year-old professor?s early books ?The Population Bomb? was required reading for me in college in 1970, and I used to drive up from Los Angeles to hear his lectures (followed by the obligatory side trip to the Haight-Ashbury).
Other big risks to the economy are the threat of a third world nuclear war caused by population pressures, and global plagues facilitated by a widespread growth of intercontinental transportation and globalization. And I won?t get into the threat of a giant solar flare frying our electrical grid. ?Super consumption? in the US needs to be reined in where the population is growing the fastest.
If the world adopts an American standard of living, we need four more Earths to supply the needed natural resources. We need to raise the price of all forms of carbon, preferably through taxes, but cap and trade will work too. Population control is the answer to all of these problems, which is best achieved by giving women an education, jobs, and rights, and has already worked well in Europe and Japan.
All sobering food for thought.
?I?m so done with the Fed,? said exasperated CNBC market commentator, Maria Bartiromo.
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.
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.
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.
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.