Trades for Tues, Oct 18, 2016: + $873 Profits

18 Oct Trades for Tues, Oct 18, 2016: + $873 Profits

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9:40 – SHORT 700 IBM 149avg, COVERED 149.30, out + .70            =          + $490

9:49 – SHORT 400 NFLX 118.95avg, COVERED 300 at 118.45, out + .50, COVERED 100 at 118.90, out + .05            =          + $155

9:57 – BUY 1000 TACO 13.90, SOLD 14, out + .10     =          + $100

10:06 – SHORT 300 NFLX 118.63, COVERED 200 at 118.33, out + .30, COVERED 100 at 117.95, out + .68 =            + $128

SWINGS:

Open:

9/30: LONG 6000 ASNA 5.59avg

9/28: SHORT 80 CXW 14.87avg

Total Daily P/L:          + $873 Profits

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Summary

SPY gapped this morning. We hit IBM SHORT on the perfect storm down as well as NFLX for reversion scalps on perfect storms down. We hit TACO for a nice breakout through the 13.86 fib. We added to CXW SHORT swing trade at 15.24 to bring up the average to $14.87. Closed out the morning with + $873 Profits.