Trades for Tuesday, May 23, 2017: + $524 Profits

23 May Trades for Tuesday, May 23, 2017: + $524 Profits

9:33 – BUY 300 MOMO 42.95avg, STOPPED 300 at 42.83, out - .12 =          - $36

9:36 – BUY 700 MOMO 42.41avg, SOLD 400 at 42.44, out +.03, SOLD 200 at 41.80, out - .61, STOPPED 100 at 41.25, out – 1.16         =          - $226

9:42 – BUY 500 MOMO 40.56LIMIT, SOLD 500 at 40.74, out + .18  =          + $90

9:46 – BUY 400 MOMO 40.18LIMIT , SOLD 40.38, out + .20, out + .20        =          + $80

9:52 – BUY 2000 MOMO 39.34avg, SOLD 1500 at 39.58, out + .14, SOLD 300 at 39.70, out + .36, SOLD 200 at 39.82, out + .48           =          + $414

10:06 – BUY 200 MOMO 41.10, STOPPED 39.90, out - .20   =          - $40

SHORT 800 PRGO 71.45avg, COVERED 600 at 71.12, out + .33, COVERED 100 at 71.06, out + .39, COVERED 100 at 71.40, out + .05            =          + $242

Total Intra-day P/L:   + $524 Profits

PRGO05222017-labelled

Summary

SPY went flat this moring as the daily stochastic tries to cross up. We scaled into MOMO LONGS and used defensive sprawl scalps to trim losses. We finally loaded up on MOMO LONG off the stinky 5s lower range 39.34avg to scalp the reversions back to the 39.80s gatekeeper fib as they ramped it through towards 41. We spotted the daily potential mini inverse pup on PRGO and hit it SHORT for reversions back down towards the 70.85 fib area on a failed perfect storm attempt. Closed out the morning with + $524 Total Profits.