Trades for Tuesday, June 7, 2017: + $425 Profits

06 Jun Trades for Tuesday, June 7, 2017: + $425 Profits

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9:34 – SHORT 300 GIII 25, COVERED 24.60, out + .40           =          + $120

9:38 – BUY 1000 FRAN 10.90, STOPPED 700 at 10.86, out - .04, STOPPED 300 at 10.77, out - .13  - $68

9:43 – BUY 500 FRAN 10.91, STOPPED 10.84, out - .07         =          - $35

9:48 – SHORT 2000 GIII 24.56avg, COVERED 1500 at 24.44, out + .12, COVERED 300 at 24.38, out + .18, STOPPED 200 at 24.77, out - .21        =          + $192

10:01 – BUY 1000 WGO 27.23, SOLD 27.40LIMIT, out + .17 =          + $170

10:11 – SHORT 400 SQ 24.12, STOPPED 24.20, out - .08       =          - $32

10:21 – SHORT 1000 SQ 24.17avg, COVERED 800 at 24.06, out + .11, STOPPED 24.23, out - .05  =                        + $78

Total Intra-day P/L:   + $425 Profits

GIII06062017finfinale

Summary

SPY tested and coiled off its daily 5-period ma at 243.30 this morning. Very thin liquidity out there. We got chopped twice on FRAN LONGs looking for that 10.91 fib break as it has squeezed in the past. We scaled into GIII SHORTS for nice reversion scalps into liquidity. We hit WGO LONG as a laggard to THO strength for a nice scalp. Extremely thin liquidity dry climate out there, but we managed the liquidity. Closed out the morning with + $425 Profits