Trades for Friday, May 8th, 2015

08 May Trades for Friday, May 8th, 2015

9:31 – BUY 400 FEYE 41.60, STOPPED 41.50, out - .10       =            - $40

9:34 – SHORT 400 BABA 88.24, COVERED 300 at 87.96, out + .28, COVRED 100 87.86, out + .41    =            + $125

9:39 – SHORT 1000 YHOO at 44.40, COVERED 1000 at 44.25, out + .15            =            + $150

9:44 – SHORT 300 YELP 57.65, STOPPED 58.16, out - .51       =            - $153

9:53 – BUY1000 FEYE 41.68avg, SOLD 700 at 41.85, out + .17, SOLD 200 at 41.92, out + .24, SOLD 100 at 41.97, out + .29       =            + $196

10:09 – BUY 700 FSLR 56.84avg, STOPPED 56.56, out - .27       =            - $180

10:29 – BUY 1000 FEYE 42.35avg, STOPPED 700 at 42.24, out - .11, STOPPED 300 at 42.03, out - .32            =            - $173

12:09 – SHORT 6000 YELP 50.16avg, COVERED 5000 at 50.24, out - .08, COVERED 1000 at 50.22, out - .06            =            - $ 496

12:46 – SHORT 1700 YELP 50.20avg, COVERED 1200 at 49.90, out + .30, COVERED 500 at 50.14, out + .06       =            + $390

1:42 – SHORT 2500 YELP at 50.20avg, COVERED 2000 at 50.14, out + .06, COVERED 300 at 50.06, out + .14, COVERED 100 at 50.08, out + .12, COVERED 100 at 49.72, out + .48       =            + $210

2:42 – BUY 400 YELP 49.20, SOLD 300 at 49.28, out + .08, STOPPED 49.04, out - .16 =    + $8

2:57 – BUY 400 YELP 49.32, STOPPED 49.13, out - .19       =            - $76

3:06 – SHORT 400 SFM 27.33, COVERED 300 at 27.21, out + .12, COVERED 100 at 27.20, out + .13             =            + $49

3:08 – SHORT 500 WFM 42.29, STOPPED 42.41, out - .12       =            - $60

3:33 – SHORT 700 SFM 27.16, COVERED 500 at 26.99, out + .17, COVERED 200 at 27.07, out + .09            =            + $103

Total Daily P/L:     + $55

Total Weekly P/L:     + $1,749

Total Monthly P/L:     + $1,785

Total Yearly Profit:     + $25,028

YELPbearishseedwave-05082015-labelled

Summary

SPY floated higher today on the 60 minute mini pup after the gap to peak out again near that 212 area into the close. We had some nice scalps off the open on BIDU and YHOO shorts as we hit BIDU short off the super fib 88.27 on the nose. We scaled into YELP SHORTS all the way up to 50.93 fib where it finally peaked out and eroded back down on a 5 minute bearish seed wave through 48.18 downside 1.618 target. We scaled out early and re-shorted on the MSH trigger but scaled out again early before the seed wave trigger breakdown actually detonated on the 49.88 break. It was damage control most of the day babysitting the YELP shorts in and out.   Ended up the day with + $55 profits.   Closed out the week with + $1,749 profits.