Trades for Tuesday, May 3rd, 2016: – $2,758 Losses

03 May Trades for Tuesday, May 3rd, 2016: – $2,758 Losses

9:34 – BUY 700 AAL 34.35avg, SOLD 500 at 34.10, out - .25, SOLD 200 at 34.11, out - .27

10:09 – BUY 200 AAL 34.12, SOLD 34.02, out - .10    =          - $197

12:14 – SHORT 13300 CYH 13.82avg, STOPPED 9000 at 14.38, out - .56, STOPPED 4,300 at 14.42, out - .60            =          - $7,620

1:18 – BUY 1500 CYH 14.68, STOPPED 1,500 at 15.58, out - .10       =          - $150

1:28 – BUY 6500 CYH 14.71avg, SOLD 5000 at 15.01, out + .30, SOLD 1000 at 15, out + .29, SOLD 500 at 14.94, out + .23           =          + $1,905

1:25 – BUY 10500 VRX 37.06avg, SOLD 7000 at 37.28, out + .22, SOLD 2000 at 37.43, out + .37, SOLD 500 at 37.60, out + .54, SOLD 200 at 37.93, out + .86, SOLD 800 at 37.76, out + .70          =          + $3,282

2:02 – BUY 700 VRX 37.83avg, SOLD 600 at 37.95, out + .12, STOPPED 100 at 37.60, out - .23      =          + $49

Total Daily P/L:          - $2,758 Losses

CVHVRX05032016

Summary

We scaled into CYH SHORTS all morning for a reversion but bulls kept holding the fibs at 13.80 the 1.618 support and finally grinded it through 14.10 resistance.  We took stops on large size and reverse it back long for the continued perfect storm breakout towards the 15.10 fib to clip out.  We also took heavy size on VRX LONGS off 37.06avg to scalp thrusts into the stinky 2.50s ranges as it grinded all the way up to the 1.618 fibs at 38.35 overshoots before peaking out. Closed out the day with -$2,758 Losses.