Trades for April 26th, 2016: + $1,302 Profits

26 Apr Trades for April 26th, 2016: + $1,302 Profits

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9:51 – SHORT 2200 BP 33.24avg, COVERED 1700 at 33.13, out + .11, COVERED 200 at 33.11, out + .13, COVERED 100 at 33.27, out - .03       =          + $244

10:03 – BUY 300 KORS 52.75, STOPPED 52.68, out - .07       =          - $21

10:21 – BUY 500 KORS 52.78avg, STOPPED 300 at 52.67, out - .11, STOPPED 200 at 52.70, out - .08        =            - $49

10:24 – SHORT 300 COH 40.58, STOPPED 40.70, out - .12    =          - $36

10:39 – SHORT 700 COH 41.10, COVERED 600 at 40.92, out + .18, COVERED 100 at 40.91, out + .19       =            + $127

11:01 – BUY 200 UVXY 15.69, STOPPED 200 at 15.50, out - .19        =          - $38

11:16 – BUY 400 UVXY 15.63avg, STOPPED 15.34, out - .19             =          - $76

11:05 – SHORT 200 COH 41.28, STOPPED EVEN

12:27 – BUY 2000 SRPT 10.25 limit, SOLD 1600 at 10.38, out + .13, SOLD 200 at 10.37, out + .12, SOLD 100 at 10.47, out + .22, SOLD 100 at 10.57, out + .32           =          + $286

11:52 – SHORT 4600 SANM 24.82avg, COVERED 4000 at 24.63, out + .19, COVERED 400 at 24.66, out + .16, COVERED 100 at 24.70, out + .12, COVERED 100 at 24.53, out + .29           =          + $865

Total Daily P/L:          + $1,302 Profits

BP04262016 SANM04262016

Summary

SPY rejected back under the daily 5pd ma 209.08 to set-up a potential daily mini inverse pup on a 60-minute mini inverse pup. We hit BP SHORT at the 33.24 fib level avg for a reversion on weak USO pullbacks to scalp 33.11 with some size. We got chopped on KORS when it lagged COH but was able to tag COH SHORTS off the 41.04 and 41.45 level fib resistances for reversions. We scaled into SANM SHORT at 24.82avg as it added in small increments all the way up to 25.07 where it peaked out on the 24.98 fib coil resistance area as the 5-minute stochastic BOSS continued to mini inverse pup despite super thin liquidity allowing us to cover large sizes as a group in the 24.60s to 24.50s range. Liquidity was the main concern on this trade but the exhaustion eventually kicked in as algos backed off at 12:30pm est. We also tagged SRPT LONG for at 10.25avg for a perfect storm squeeze up into the stinky 5’s area for scalps as it continued to grind to 11.40 fib wow. Extended morning session but patience paid off well. Closed out with + $1,302 Profits.