30 Nov Trades for Nov 30, 2016: + $328 Profits
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9:31 – SHORT 600 JPM 80.20avg, COVERED 500 at 80.03, out + .17, COVERED 100 at 79.85, out + .35 = + $120
9:44 – SHORT 400 SPLK 61.19avg, COVERED 400 at 60.77, out + .52 = + $208
Total Daily P/L: + $328 Profit
SPY gapped on OPEC rumors of production cuts and new treasury secretary causing oil and banks to rally off the open. SPY peaked again off the 221.80s area shy of 222.25 (1.618 fib). We scalped into JPM SHORT near that 80.19 (1.618 fib) for a nice lean back under 80 (déjà vu), like the last time it tested the same area. We also hit SPLK SHORT at 61.19avg for leans back down to 60.70s to scale out as it collapsed with CRM leader to mid 59s. Closed out the morning with + $328 Profits.