Trades for Thursday, April 7th, 2016: + $363 Profits

07 Apr Trades for Thursday, April 7th, 2016: + $363 Profits

9:35 – SHORT 1100 BBBY 50.79avg, COVERED 800 at 50.58, out + .21, COVERED 100 at 50.71, out + .08, STOPPED 200 at 51, out - .21 =          + $134

9:45 – SHORT 300 VRX 36.98, COVERED 36.84, out + .14     =          + $42

9:48 – SHORT 300 NVDA 35.46, STOPPED 35.54, out - .08    =          - $24

10:00 – BUY 700 LVS 50.84avg, SOLD 50.94, out + .10          =          + $70

10:04 – SHORT 800 NVDA 35.68avg, STOPPED 300 at 20.86, out - .18, STOPPED 500 at 35.77, out - .11   =            - $109

10:09 – SHORT 1000 VRX 36.11avg, COVERED 800 at 36.91, out + .20, STOPPED 200 at 36.25, out - .14  =            + $140

10:27 – BUY 1000 UVXY 19.98avg, SOLD 20.09, out + .11     =          + $110

Total Daily P/L:          + $363 Profits

BBBY04072016

Summary

SPY formed a perfect storm breakdown intraday as the 60-minute stochastic aligned with the daily mini inverse pup. We scalped BBBY SHORT into the stinky 5s levels before the algo sweeps took over jamming it up to 52. We scalped for high probability small scalps on VRX, LVS and UVXY.  NVDA tagged the daily 5-period ma but needed to peak out the 5/15-minute stochastic so stopped out of those. Treading lightly here until earnings season kicks off in a week.  Closed out the morning with + $363 profits.