January 6, 2013 - MDT - Midday Missive

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.

IYT...a close today below 130.40 puts in an ORL day.

MMM...a close today below 138.03 puts in an ORL day.

GS...our upside tgt from last year was 182. Close enough

DDD...3D systems, a close today below 94.11 puts in an ORL day.

This is currently trading into near term support @ 91.70. The macro sell stops are @ 90.15. if elected you could see another 8% lower.

XLF...the macro sell stops start @ 21.68.

XLV...needs to maintain a close over 55 to avoid an ORL day and not be vulnerable to a good correction.

XBD...a close today below 15980 puts in an ORL day.

BRKA...a close today below 17,611 puts in an ORL day.

Gold...was the recipient of as large sell order @ 9:10 CDT.

No doubt a distraught Packer Fan hung over from yesterday's loss to San Francisco 49ers.

Definitely someone that needs their mouse impounded for the rest of the year.

Nasd 100...3500 +- a few will be pivotal and run the next 100 point move in tech. Look for this to move in 40-50 point increments.

Be aware of the instruments you are trading. Many are attempting topping patterns.

Treat every instrument on it's own merits.

For Glossary of terms and abbreviations click here.

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