Trades for March 7th, 2016: + $730 Profits

07 Mar Trades for March 7th, 2016: + $730 Profits

9:45 – SHORT 2500 AAPL 102.63avg, COVERED 2000 at 102.51, out + .12, COVERED 400 at 102.42, out + .21, COVERED 100 at 102.25, out + .38     =          + $360

9:43 – SHORT 900 JOY 17.91avg, COVERED 700 at 17.58, out + .33, COVERED 200 at 17.56, out + .35, COVERED 100 at 17.62, out + .29       =          + $330

10:10 – SHORT 400 FEYE 19.04, COVERED 18.93, out + .11  =          + $44

Total Daily P/L:          + $730 Profits

AAPL03072016ffinale JOY03072016

Summary

SPY sold off through the 199.65 which was 1.618 fib on very low 60 min stochs. We scaled into AAPL SHORT at 102.63avg and used the SPY reversions to scalp 102.51, 102.42 and 102.25 as they leaned into the 101.80s, out + .12, + .21 and + .38.  We scaled into JOY SHORT 17.91avg as they kept fading the 18 area for nice peaks and 5/1 min dual mini inverse pup leans into the stinky 2.50s area.  Closed out the morning with + $730 profits in the first 45 minutes. 

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