Trades for Tuesday, August 2, 2016: + $4,780 Profits

03 Aug Trades for Tuesday, August 2, 2016: + $4,780 Profits

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9:34 – BUY 500 SODA 28.16, SOLD 28.56, out + .40  =          + $200

9:37 – SHORT 500 IDTI 19.93, STOPPED 20.10, out - .17       =          - $85

9:40 – SHORT 500 ADXS 10.75, STOPPED 10.90, out - .15     =          - $75

9:56 – SHORT 3000 IDTI 19.90avg, COVERED 2500 at 19.82, out + .08, COVERED 500 at 19.93, out - .03 =            + $185

10:08 – BUY 2000 IDTI 11.20, STOPPED 10.80, out - .40       =          - $800

10:33 – SHORT 1000 ADXS 10.90, COVERED 500 at 10.75, out + .15, COVERED 500 at 10.62, out + .28    =            + $215

10:50 – SHORT 5000 MNK 75.72avg, COVERED 4000 at 75.55, out + .17, COVERED 1000 at 75.17, out + .55            =          + $1,230

10:46 – BUY 11000 UVXY 27.07avg, SOLD 8000 at 27.46, out + .39, SOLD 1000 at 27.53, out + .46, SOLD 1000 at 27.40, out + .33       =          + $3,910

Total Daily P/L:          + $4,780 Profits

 MNK08022016

Summary

SPY finally triggered a dual daily and 60-minute mini inverse pup perfect storm this morning as it leaned through the 215.44 strong 1.618 fib towards the 214.50s stinky 5s levels. We scalped SODA long and IDTI shorts early on. ADXS chopped us on the second long entry breakout as we reversed it short for leans to stinky 5s levels. We scaled into MNK shorts into the squeeze as it peaked off the 76.76 fib for reversions back down towards 75.15 area to scale out the longs. We hit UVXY for a perfect storm breakout thrust from 27.07 to 27.53 spikes on the SPY fib leans. Closed out the morning with + $4,780 Profits.Â