09 May Trades for Monday, May 9th, 2016: + $375 Profits
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9:34 – SHORT 400 EA 64.70, COVERED 64.36, out + .34 = + $136
9:47 – SHORT 1000 AAPL 93.34avg, COVERED 800 at 93.21, out + .13, COVERED 100 at 93.16, out + .18, COVERED 100 at 93.07, out + .27 = + $149
10:24 – SHORT 800 UA 38.58avg, COVERED 700 at 38.46, out + .12, COVERED 100 at 38.36, out + .22 = + $106
10:38 – BUY 200 TSN 68.65, STOPPED 68.57, out - .08 = - $16
Total Daily P/L: + $375 Profits
SPY grinded off the open to peak out near the 60-minute 5 period ma 206.15 area as it rug pulled on the 15 minute slip while trying to hold onto the daily 5 period ma. Volume thinned out along with liquidity. We hit some scalps on EA SHORT as ATVI peer sold off in a perfect storm breakdown off the open. We clipped AAPL SHORT for a reversion off the double fibs at 93.44-93.52. We hit UA SHORT as FSLR also slipped under its gatekeeper fib. Those two may not be in the same sector but share the consecutive five day sell-off set-up. Closed out the morning with + $375 Profits.