12 May Trades for Thursday, May 12th, 2016: +$1,362 Profits
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9:48 – SHORT 2500 M 35.13avg, COVERED 2000 at 35.04, out + .09, COVERED 300 at 35.91, out + .22, COVERED 200 at 35.82, out + .31      =         + $308
9:53 – BUY 200 NFLX 86.55limit, SOLD 100 at 85.99, out + .44, SOLD 100 at 87.11, out + .55       =         + $99
10:32 – SHORT 3500 KSS 35.18avg, COVERED 3000 at 35.05, out + 13, COVERED 300 at 34.92, out + .26, COVERED 200 at 34.83, out + .35      =         + $538
10:42 – SHORT 300 M 30.77, COVERED 300 at 30.72, out + .05      =         + $15
10:50 – SHORT 200 M at 30.75avg, COVERED 200 at 30.62, out + .13        =         + $26
11:05 – BUY 200 NFLX 86.08, STOPPED 86, out - .08            =         - $16
11:17 – BUY 1300 VRX 23.89avg, SOLD 1100 at 23.97, out + .08, SOLD 200 at 24.18, out + .29     =         + $136
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $1,362 Profits
Summary
SPY started identically to yesterday with a 60-minute mini pup and pup attempt with the daily make or break but once again faded sour. The SPY broke the KEY coiled support at 206.39 and got punished hard.We skipped the gappers and tagged shorts on the retail apparel stocks like M, and KSS. We got a great scaled entry on VRX at the 23.89 fib and gave the shares away doh as it ramped up to 24.70s. Overall a nice profitable morning as we changed things up and waited out at least two 5-min candle closes after the open before striking. Closed out with + $1,362 Profits.