Trades for June 8, 2017: + $706 Profits

08 Jun Trades for June 8, 2017: + $706 Profits

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9:34 – SHORT 1400 JWN 47.56avg, COVERED 1200 at 47.24, out + .32, COVERED 100 at 47.12, out + .44, COVERED 100 at 46.67, out + .99       =          + $527

9:44 – BUY 1000 M 22.63avg, SOLD 700 at 22.70, out + .07, SOLD 200 at 22.84, out + .21, SOLD 100 at 22.76, out + .13          =          + $104

9:59 – SHORT 1000 YHOO 54.            72avg, COVERED 700 at 54.66, out + .06, COVERED 300 at 54.61, out + .11       =          + $75

Total Intra-day P/L:   + $706 Profits

JWNFIBS06082017-labelled JWN06082017shorts-labelled

Summary

SPY fell back under the daily 5-pd ma 243.70 on the stochastic slip. We scaled into JWN SHORT at 47.56avg as it coiled up to the 47.80s fib for the 5-min mini inverse pup leans back down the the lower gatekeeper range to lock out at 46.67 on the fib overshoots. We scalped M LONG on the perfect storm breakout and laggard to JWN for a scalp. We hit YHOO SHORT for a nice scalp on the BABA breakdown.  Closed out the morning with + $706 Profits