November 7, 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.

Spu's...sell stops are @ 1755.75 today's ORL#. The weekly # is 1747.

There is presently a double top on the point & figure.

Closing below the ORL# is price negative.

EURO...the low is in for a while. 132.90 is the 50% retrace for the past two years. Don't look to make any money here for a bit without some price consolidation.

Individual names..

LNG...36 is a low risk buy. Only a close below 34.80 changes the picture.

IBM...179.50 is a low risk buy zone with a 1.50 stop

UNH...69 is the buy level with a 40 cent closing stop.

This is a market where you have to trade each instrument on it's own merits at a level you can measure your risk..

TWTR....plain and simple. This will be an opening range trade.

For Glossary of terms and abbreviations click here.

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