19 Oct Trades for Thursday, Oct. 19, 2017: + $2,315 Profits
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=== Trade Alerts ===
9:32 – SHORT 6400 VZ 50.78avg, COVERED 6400 at 50.43, out + .35 = + $2,248
9:51 – BUY 700 SQ 31.57avg, SOLD 500 at 31.77, out + .20, SOLD 200 at 31.84, out + .27 = + $154
10:22 – BUY 400 GILD 80.75, SOLD 80.78, out + .03 = + $12
10:32 – BUY 600 GILD 80.92avg, SOLD 300 at 80.84, out - .08, STOPPED 300 at 80.67, out - .25 = - $99
Total P/L: + $2,315 Profits
SPY slipped under the daily 5-period ma on the gap down towards the daily 15 period ma but coiled off stinky 5’s lower range. VZ spiked hard off the open on earnings. We scaled into shorts from the stinky 5s levels 50.38 up to the 51.10 for an average of 50.78 on the shares. The 5-min stochastic was actually sell fading the spike for a cross down on the mini pup attempt with a nominal 5-period ma almost a full point lower around 50.10. VZ rarely moves this much on earnings and there was plenty of fat to trim for nominal reversion, which kicked in as the 1-minute stochastic peaked crossed down through the 80-bands for the oscillation leans through the 50.58 fib and stinky 5s lower range to scalp 50.43. We hit SQ LONG for a measured move towards the 31.98 fib. GILD was a choppy mess on light shares. Closed out the morning with + $2,315 Profits.