Trades for Thursday, May 11, 2017: + $260 Profits

11 May Trades for Thursday, May 11, 2017: + $260 Profits

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9:35 – LONG 1500 WFM 37.88avg, SOLD 1200 at 38.10, out + .22, SOLD 200 at 38.23, out + .35, SOLD 100 at 37.70, out - .18            =          + $316

9:49 – SHORT 300 M 25.89, STOPPED 25.93, out - .04          =          - $12

9:53 – SHORT 300 M 25.88, COVERED 25.86, out + .02        =          + $6

10:05 – SHORT 500 VSI 12.25, STOPPED 12.35, out - .10      =          - $50

Total Intra-day P/L:   + $260 Profits

WFM05112017finfinal-labelled

Summary

SPY sold off this morning but very little action out there in this dry climate. We scaled into WFM LONG at 37.88avg on the perfect storm breakout attempts after cracking the 37.76fib to scale out the thrusts at 38.10, 38.23 and 37.70 on final 100 shares. Afterwards, we just tested small shares on M and VSI with small stops and called it morning. Closed out the morning with + $260 Total Profits.