Trades for Wednesday, March 23, 2016: + $1,058 Profits

23 Mar Trades for Wednesday, March 23, 2016: + $1,058 Profits

9:36 – SHORT 400 NKE 62.11, COVERED 61.70, out + .41     =          + $164

9:47 – SHORT 300 FIVE 39.80, STOPPED 39.93, out - .13      =          - $39

10:01 – BUY 400 UVXY 22.63, STOPPED 22.53, out - .10       =          - $40

10:03 – SHORT 400 GILD 91.10, STOPPED 91.27, out - .17    =          - $68

10:05 – BUY 300 UVXY 22.60, STOPPED 22.48, out - .12       =          - $36

10:18 – BUY 1800 GILD 91.35avg, STOPPED 90.77, out - .58 =          - $1,044

10:29 – BUY 3000 VRX 33.13avg, SOLD 2500 at 33.33, out + .20, SOLD 200 at 33.54, out + .38, SOLD 100 at 33.60, out + .47. SOLD 200 at 33.61, out + .48           =          + $719

10:56 – BUY 5000 VRX 33.70, SOLD 3500 at 33.83, out + .13, SOLD 1000 at 33.84, out + .14, SOLD 300 at 33.90, out + .20, SOLD 200 at 33.99, out + .29           =          + $888

11:18 – BUY 2000 UVXY 22.57avg, SOLD 1500 at 22.83, out + .26, SOLD 300 at 22.80, out + .23, SOLD 100 at 22.93, out + .36, SOLD 100 at 22.99, out + .42           =          + $514

Total Daily P/L:          + $1,058

VRX03232016finallesqueezeLABELLED UVXY03232016finalle

Summary

SPY opened with a 60-minute and daily mini inverse pup setting up shorts but volume extremely light out there made it easy for algos to chop on breakdown attempts. The dry climate caused lots of small stops this morning after a beautiful SHORT on NKE for a reversion scalp back to fib support. GILD chopped us hard as we scaled into the LONG but stopped out once the 90.81 fib support cracked.  We hit VRX LONG twice on perfect storms for very nice squeezes on the key 33.34 gatekeeper fib breaks. We scaled in UVXY LONG on perfect storm breakout to scalp the thrusts up towards the 23.12 fib where it peaked.  Very choppy action but managed to add size at moments of deep liquidity to carve out + $1,058 profits this morning.

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