October 24, 2013 - MDT - Midday Missive w/Trade Alerts

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.

TBT...BUY @ 70.60 GTC

30 Yr. Sell @ 136.27 GTC

Keep your eye on the 30 yr. The? high was 3 ticks from the Semi- Annual close @ 135.27 "resistance and the first tgt for this move".

The TBT shows temporary signs of downside exhaustion.

The aforementioned trades are my dream sell levels.

The correct Stop price for IBM is 172.40.

178.71 is first resistance and the closing upside pivot.

Expect price rejection the first time up.

GS...we had raised our stop to 157.90 Stop Close.

We neglected to properly update that stop in our position statement.

For that we apologize.

160.50 is resistance, only a close over 161.50 starts a new leg up.

OIL...has elected the qtrly sell stops. It's getting very oversold.

That doesn't mean it can't break another couple of dollars.

Sell rallies not breaks.

AEM...is a miner worth a look. Monthly buy stops are 31.15.

The current chart pattern shows this has the potential to trade to 33.

Place this on a buy on pullback list.

ASA...14.70 is the monthly ORH #. 15.74 is resistance. All new closing

strength is needed above 16.40 for a broader move up.

For Glossary of terms and abbreviations click here.

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