Trades for Tues, Sept 20, 2016: + $1,128 Profits

20 Sep Trades for Tues, Sept 20, 2016: + $1,128 Profits

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9:33 – BUY 200 SRPT 53.80, SOLD 53.88, out + .08   =          + $16

9:37 – BUY 700 SRPT 54avg, STOPPED 700 at 54.86, out - .14          =          - $98

9:40 – BUY 2000 SRPT 54.10avg, SOLD 1500 at 54.47, out + .37, SOLD 300 at 54.73, out + .63, SOLD 100 at 54.90, out + .80, SOLD 100 at 55.30, out + 1.20         =          + $944

9:53 – BUY 500 WFC 46.85, STOPPED 46.76, out - .09          =          - $45

10:02 – SHORT 1500 AAPL 113.77avg, COVERED 1100 at 113.72, out + .05, COVERED 300 at 113.66, out + .11, COVERED 100 at 113.50, out + .27          =          + $115

Total Daily P/L:          + $1,128 Profit

SRPT0920216fin

Summary

SPY chopped flat this morning on the gap up. We hit SRPT LONG for a beautiful short squeeze as the 1.618 fib at 54.64 based and prompt out long on the perfect storm breakout at 54.10avg as it squeezed up to mid-55s before peaking out near the 55.60 fib. We scalped AAPL for reversions off the daily 5 period ma resistances at 113.95. Closed out the morning + $1,128 Profits.