Trades for Monday, Jan. 23, 2017: + $140 Profits

23 Jan Trades for Monday, Jan. 23, 2017: + $140 Profits

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9:34 – BUY 300 QCOM 57.30avg, STOPPED 200 at 57.16, out - .14, STOPPED 100 at 56.80, out - .50        =            - $78

9:35 – BUY 1000 TWTR 16.70, SOLD 16.79, out + .09            =          + $90

9:45 – BUY 200 QCOM 55.60, SOLD 55.70, out + .10                        =          + $20

10:02 – BUY 100 QCOM 55.23, SOLD 55.44, out + .21          =          + $21

10:17 – BUY 500 UVXY 28.27, SOLD 400 at 28.44, out + .17, SOLD 100 at 28.46, out + .19 =          + $87

Total Daily P/L:          + $140 Profits

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Summary

SPY set-up a perfect storm breakdown after the first hour on the breakdown through 226.30 fib. We hit QCOM reversion longs for small clips. We hit TWTR LONG off the 1.618 fib to the daily 5-pd ma to scalp out before rejection. We tagged UVXY LONG on the SPY breakdown trigger for a pop through the 28.41 fib as it grinded to the daily 5 period ma overshoots and 28.91 fib. We kept sizing extremely light. Closed out the morning with + $140 Profits.