Trades for Thursday, Mar 26th, 2015

26 Mar Trades for Thursday, Mar 26th, 2015

9:33 – SHORT 700 FB 82.53avg, COVERED 700 at 82.47, out + .06       =            + $42

9:38 – SHORT 800 FB 82.51avg, COVERED 600 at 82.26, out + .25, COVERED 200 at 82.37, out + .14            =            + $178

9:53 – SHORT 500 RHAT 73.55avg, STOPPED 74.75, out - .20       =            - $100

99:59 – SHORT 700 RHT 73.53avg, COVERED 500 at 73.11, out + .42, COVERED 100 at 73.73, out - .20, STOPPED 100 at 74.10, out - .57       =            + $133

10:14 – SHORT 400 LULU 63.07, COVERED 300 at 63.82, out + .25, COVERED 100 at 63.77, out + .30            =            + $105

10:27 – SHORT 500 FB at 82.22, STOPPED 200 at 82.35, out - .13, STOPPED 300 at 75.54, out - .34            =            - $133

10:28 – BUY 300 RHT 73.98, SOLD 200 at 74.12, out + .14, SOLD 100 at 74.30, out + .32       =            + $60

10:44 – SHORT 500 LULU 64.49avg, COVERED 500 at 64.27, out + .22       =            + $110

11:02 – SHORT 500 SPY 205.08avg, COVERED 300 at 204.73, out + .35, COVERED 100 at 204.92, out + .16, COVERED 100 at 205.08, even    =            + $121

11:09 – SHORT 400 LULU 64.87avg, STOPPED 300 at 65.05, out - .18, STOPPED 100 at 65.74, out - .87            =            - $141

11:31 – SHORT 200 SPY 205.01, STOPPED 205.13, out - .12       =            - $44

11:33 – BUY 200 SPY 205.21, SOLD 200 at 205.42, out + .21, SOLD 100 at 205.60, out + .39       =            + $81

11:56 – BUY 200 SPY 205.59, SOLD 200 at 205.80, out + .21            =            + $42

1:04 – BUY 300 SPY 205.73avg, STOPPED 205.62, out - .11       =            - $14

1:12 – BUY 200 SPY 205.69, STOPPED 205.62, out - .07       =            - $14

1:48 – SHORT 1200 LULU 65.44avg, COVERED 800 at 65.29, out + .15, COVERED 200 at 65.11, out + .33, COVERED 200 at 64.83, out + .61       =            + $247

Total Daily Profits:    + $673

Total Weekly Profit:    + $1,335

Total Monthly Profit:   + $8,667

Total Yearly Profit:       + $17,405

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Summary:

SPY coiled very similar fashion to yesterday as bulls came in to lift the market. We hit scalps on FB laggard as well as tightening exhaustion scalps on RHT and LULU. The SPY set-up a similar bearish 5 minute seed wave at going into the 11:15-11:30 minute candle closes as the bears tried to bend the perfect storm back down. We hit SPY SHORT at 205.08avg in anticipation of the bearish seed wave and perfect storm breakout failure.   Bears came charging hard with a single goal to crack that 204.70 coil support.   Bears gave it everything they had but bulls were able to hold that 204.70 and climb back up. We scalped out the SPY SHORTS at 204.73 and 204.92, out + .35 and + .16. With the bears trapped, the bulls managed to turn the bearish seedwave into a 5 minute bullish seed wave n the 205.16 break that aligned with the original perfect storm breakout that triggered a massive short covering spike. We took SPY LONG at 205.21 to scalp 20.40, out + .19. We re-entered at 205.60 to scalp 205.81, out + .21 as it hit the 1.27 fib initial target at 215.72. We got chopped around on re-entries at 205.73 and 205.69, both stopped out light shares at 205.62, out - .11 and - .07 as SPY collapsed back down to 205.20 but could not break the 2nd 5 min MSL trigger at 205.16 and the bulls once again trapped the bears and squeeeezed it back up through the highs to take the 206.16 upside final fib target and then overshot the + .20 coil resistance at 206.36 with a single tick before tightening hit back down again wow.   We scaled into LULU SHORT at 65.45avg because it faded the whole SPY rally and was setting up a 15 min mini inverse pup on the 60 min doji and 5 min inverse pup. When SPY sold off again, LULU COLLAPSED, giving us plenty of liquidity to scale out 65.29, 65.11 and 64.83, out + .15, + .33 and + .61.   Today was a good training day as everything was played out on the SPY movements. Closed out with + $679 profits.