Trades for Wednesday, April 6th: + $708 Profits

06 Apr Trades for Wednesday, April 6th: + $708 Profits

9:32 – SHORT 600 NVDA 35.34avg, COVERED 400 at 34.82, out + .52, COVERED 100 at 34.94, out + .40, COVERED 100 at 34.77, out + .57       =          + $305

9:38 – SHORT 400 GILD 96.35avg, COVERED 300 at 95.87, out + .48, COVERERED 100 at 96.01, out + .34            =          + $178

9:43 – SHORT 300 NVDA 34.94, COVERED 200 at 34.68, out + .26, COVERED 100 at 34.74, out + .20       =            + $72

9:53 – SHORT 300 GILD 96.57, STOPPED 200 at 96.63, out - .06 =   - $19

9:56 – SHORT 200 GILD 96.57avg, STOPPED 96.76, out - .19            =          - $38

10:06 – SHORT GILD 97.10, COVERED 96.91, out + .19         =          + $19

10:23 – BUY 300 CREE 24.50, STOPPED 24.45, out - .05       =          - $15

10:26 – BUY 600 CREE 24.58avg, STOPPED 300 at 24.47, out - .11, STOPPED 300 at 24.45, out - .13         =            - $83

10:35 – SHORT 700 GILD 96.58avg, STOPPED 400 at 96.70, out - .12, STOPPED 300 at 96.90, out - .32     =            - $144

10:54 – BUY CREE LONG 1000 CREE 24.65avg, SOLD 800 at 24.77, out + .12, SOLD 100 at 24.92, out + .27, SOLD 100 at 24.74, out + .09  =          + $132

11:34 – SHORT 2600 NVDA 35.68avg, COVERED 2000 at 35.57, out + .11, COVERED 300 at 35.47, out + .21, COVERED 200 at 35.54, out + .14, COVERED 100 at 35.64, out + .04           =          + $301

Total Daily P/L:          + $708 Profits

NVDA04062016finale

Summary

SPY overshot the daily 15 period ma briefly this morning and managed to coil and GRIND all the way back to the 205.67 daily 5 period ma resistance for initial peaks on the potential daily mini inverse pup. We hit beautiful fast rug pulls on NVDA and GILD off the open.  We got chopped around on CREE and GILD as the morning went on. NVDA coiled off its daily 15 period ma at 34.70s to grind all the way back towards the daily 15 period ma at 36.78 where we scaled into shorts for the inevitable initial reversions off the daily mini inverse pup 5 period ma. Closed out the morning with + $704 profits.

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