Trades for Friday, April 29th, 2016: + $681 Profits

29 Apr Trades for Friday, April 29th, 2016: + $681 Profits

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9:32 – SHORT 600 GILD 90.78avg, COVERED 500 at 90.25, out + .53, COVERED 100 at 90.12, out + .66   =            + $331

9:42 – SHORT 1300 GILD 91.88avg, COVERED 800 at 91.66, out + .22, COVERED 300 at 91.73, out + .15, COVERED 200 at 91.44, out + .44       =          + $309

9:54 – BUY 300 AAL 35.12, STOPPED 35.07, out - .05            =          - $15

10:04 – BUY 1000 AAL 35.14avg, SOLD 800 35.24, out + .10, STOPPED 200 at 35.02, out - .12       =          + $56

Total Daily P/L:          + $681 Profits

GILD04292016

Summary

SPY formed dual daily and 60-minute mini inverse pup to trigger perfect storm breakdowns this morning.  We scalped GILD SHORTS twice on the 60-minute mini inverse pup. Our last adds from in the stinky 2.50s and 60-min 5 period ma range 62.30s-62.50 as it collapsed the 1-minute flipped down for nice profit. We scalped AAL for small profits on the coils back up through the 35.19 fib but the SPY puke was another can of worms as USO recovered again. Scalped early and quick this morning. Closed out the morning with  + $681 Profits.