Trades for Monday, Apr. 24, 2017: + $357 Profits

25 Apr Trades for Monday, Apr. 24, 2017: + $357 Profits

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9:30 – SHORT 1000 MS 43.35avg, COVERED 43.31, out + .04           =          + $40

9:45 – SHORT 1100 JPM 86.94avg, STOPPED 500 at 85.96, out - .02, STOPPED 300 at 87.11, out - .17, STOPPED 100 at 87.13, out - .19, STOPPED 200 at 87.29, out - .35               =          - $ 141

10:06 – SHORT 5500 MS 43.62avg, COVERED 3000 at 43.54, out + .08, COVERED 1500 at 43.51, out + .11, COVERED 700 at 43.52, out + .10, COVERED 300 at 43.55, out + .06           = + $423

10:42 – SHORT 2000 MS 43.55avg, COVERED 1500 at 43.52, out + .03, STOPPED 500 at 43.57, out - .02  =            + $35

Total Daily P/L:          + $357 Profits

MSJPM04232017

Summary

SPY was in a strong grind from the big gap this morning. Banks were very strong. We hit JPM SHORT for stops but scaled into MS SHORT nicely on heavier shares for reversion and rejection back under the 43.62 fib.  Closed out the morning with + $357 Profits.