19 Mar Trades for Thursday, Mar 19th, 2015
10:39 – SHORT 6500 GES 19avg, COVERED 4500 at 19.22, out - .22, COVERED 2000 at 19.41, out - .41 = - $1,872
10:39 – SHORT 2000 GES 19avg, OVERNIGHT
Total Daily Loss: - $1,872
Total Weekly Profit: - $798
Total Monthly Profit: + $6,644
Total Yearly Profit:: + $15,372
SPY went into reversion today as it slipped down to the 109.21 super fib area before chopping into the close. We scaled into GES SHORT at 19avg as we added on the way up towards the 19.60 stinky 5s levels before it exhausted and slipped back down to the 19.20 fib which was resilient. The 60 minute had a mini pup which took all day for the 60 minute 5 period ma to catch up at 19.44. We used the 15 and 5 minute perfect storm pullbacks to stop out 4500 at 19.22 and 2000 at 19.41, out - .22 and - .14 and held 2000 overnight short at 19avg. The retail apparel sector was strong today as peers URBN, ANF, GPS had strength despite the SPY weakness. There is a super fib resistance at 19.81 as it held above 19.10 and 19.26 the daily upper bbs and weekly 15 period ma which will get tested likely.