Trades for Friday, March 11th, 2016: – $105 Losses

11 Mar Trades for Friday, March 11th, 2016: – $105 Losses

9:47 – SHORT 700 TGT 81.82avg, STOPPED 700 at 82.11, out – .29 =          - $203

9:59 – SHORT 500 TGT 81.91avg, STOPPED 500 at 82.15, out - .24  =          - $108

10:18 – SHORT 1300 DG 84.72avg, COVERED 800 at 84.72, out even, COVERED 500 at 84.53, out + .19  =            + $95

10:03 – SHORT 1000 HPE 16.40, COVERED 16.38, out + .12 =          + $120

10:26 – BUY 1000 UVXY 28.68, STOPPED 28.57, out - .11     =          - $110

10:53 – SHORT 400 TGT 82.37, COVERED 82.28, out + .08   =          + $32

10:57 – SHORT 1100 DG at 84.58avg, COVERED 900 at 84.54, out + .04, COVERED 200 at 84.41, out + .17            =          + $74

Total Daily P/L:          - $105 Losses

SPY03112016

Summary

SPY was in a perfect storm this morning on the 5/15/60 minute mini pups.  TGT formed a daily mini pup and proceeded to crack that 81.90 fib which caused us to throw in the towel on the shorts.  HPE peaked well near that 1.27 fib on the butterfly PRZ. Volume and liquidity were super light this morning allowing the algo sweeps to take control of the SPY but stock correlation was off.  Sometimes it’s better to DODGE than BLOCK. Blocking all morning, called it an early day.  Closed out the morning with - $105 Losses.  

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