05 Dec Trades for Monday, Dec 5, 2016: – $27 Losses
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9:45 – SHORT 400 JPM 82.76avg, STOPPED 82.86, out - .10 = - $40
10:07 – SHORT 1500 JPM 83.06avg, STOPPED 1000 even, COVERED 300 at 83.01, out + .05, COVERED 200 at 82.93, out + .13 = + $41
10:24 – SHORT 200 CRM 70.28, STOPPED 70.42, out - .14 = - $28
Total Daily P/L: - $27 Losses
SPY managed to gap and grind above the daily 5-period ma resistance at 220.20 which overlaps with the fib. SPY grinded to the 221.15 fib on a 60-minute mini pup. We scaled into JPM SHORT and sprawled for flat exits on reversions off the 83.30 fib. We took a tester short on CRM on light shares and stopped out quickly when the 5-minute turned into a pup breakout following WDAY as the lead. Closed out the morning with - $27 Losses.