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.