06 Jan Trades for Friday, Jan 6, 2017: + $425 Profits
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9:36 – SHORT 200 AMGN 160.10avg, COVERED 100 at 159.30, out + .80, COVERED 100 at 159.50, out + .60 = + $140
9:44 – SHORT 300 AMGN 159.30, COVERED 300 at 158.55, out + .75 = + $225
10:07 – SHORT 200 FB 122.44, COVERED 200 at 122.14, out + .30 = + $60
Total Daily P/L: + $425 Profits
SPY crossed up on the daily stochastic and held the pullbacks to protect the 225.85 MSL but very fractured action within the sectors (IE: GPS sell-off on 8% SSS and M popping after warning yesterday). We tagged AMGN SHORTs as it peaked and rejected off the 160.34 fib/gap fill area as MDCO blatantly sold-off from the 38.35 daily upper bbs from the getgo. FB had a nice breakout, we hit it short for a quickie reversion off the 122.39 fib for lunch money. Closed out the morning with + $425 Profits.