23 Feb Trades for Monday, Feb 23rd-27th, 2015
9:37 – BUY 2000 SPPI 6.17avg, STOPPED 6.11, out - .06            =           - $120
10:11 – SHORT 500 AAPL 130.53, STOPPED 130.78, out - .25 =  - $100
10:30 – SHORT 2000 MGM 22.40avg, COVERED 2000 at 22.48, out - .08           =  - $160
11:54 – BUY 1000 SPPI 6.17, STOPPED 6.10, out - .07           =           - $70
1:43 – SHORT 3000 MGM 22.49avg, COVERED at 22.51, out - .02      =  - $60
2:09 – SHORT 1000 LVS 58.90, COVERED 800 at 58.67, out + .23, COVERED 200 at 58.40, out + .50           =           + $284
3:57 – SHORT 4000 MGM 22.49avg, COVERED 4000 at 22.54, out - .05           =  - $50
* Holding 4000 SHORT MGM at 22.49avg
Total Daily Loss: - $276
Total Weekly Loss: Â - $276
Total Monthly Loss: - $ 8,875
Total Yearly Profit: Â + $4.346
Summary:
SPY 60 minute stochastic and moving averages were absolutely flatlined from the open until the last hour where the 60 minute went into a mini inverse pup taking the SPY down to the daily 5 period moving average area 210.50s before coiling against the perfect storm breakdown to grind back up towards the 211s and once again holding above the daily 5 period moving average with stochastics at 98 bands. We hit SPPI LONG at 6.17avg this morning looking for a tightening slingshot bounce once the 6.24 daily lower bbs broke, but momentum eroded stopping us out at 6.10, out - .07. We tested AAPL SHORT at 130.53 on the 130.69 fib rejection but stopped out at 130.78, out - .25 as it continued to grind. We scaled into MGM SHORTS at various levels this morning and afternoon within the 22.40-22.60 range using defensive scaling to buy time while LVS, WYNN, BYD, MPEL casino stocks ALL broke their daily 5 period moving averages. LVS even had a daily and 60 minute mini inverse pup. The whole casino sector with the exception of CZR had cracked but MGM for some voodoo reason was held up. My guess is probably to the CEO comments over the weekend about riding out Macau weakness. We held 4k SHORT on MGM overnight to free up some ammo and ride out the buyers who appear to have closed some big blocks at the 22.55 pricing post market. Closed out - $276 on closed positions on the day.