Trades for Mon, Aug 22, 2016: + $1,022 Profits

22 Aug Trades for Mon, Aug 22, 2016: + $1,022 Profits

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9:50 – SHORT 4000 DE 87.73avg, COVERED 3000 at 87.52, out + .21, COVERED 500 at 87.42, out + .31, COVERED 300 at 87.20, out + .53, COVERED 100 at 87, out + .73, COVERED 100 at 87.40, out + .33         =            + $887

10:13 – BUY 1000 VRX 30.63, SOLD 800 at 30.74, out + .11, SOLD 100 at 30.79, out + .16, SOLD 100 at 30.94, out + .31          =          + $135

Total Daily P/L:          + $1,022 Profits

 DE08222016final

Summary

SPY grinded back up to the 218.45 fib coil resistance area, before pullback this morning. It teased the daily pup on the make or break. We scaled into DE SHORT at 87.73 avg as it peaked the 88.20-88.40 fib + coil resistance before it dumped down to the 86.72 fibs. We scalped VRX perfect storm breakout long. Closed out the morning with + $1,202 profits.