25 Jan Trades for Wednesday, Jan. 25, 2017: + $193 Profits
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10:04 – SHORT 7200 STX 45.55avg, COVERED 5000 at 45.52, out + .03, COVERED 1200 at 45.62, out - .10, COVERED 500 at 45.42, out + .13, COVERED 400 at 45.25, out + .30, COVERED 100 at 45.40, out + .15 = + $165
11:07 – BUY 700 UVXY 24.58avg, SOLD 24.62, out + .04 = + $28
Total Daily P/L: + $193 Profits
SPY grinded towards the 229.20 fib 1.618 potential reversal zone (PRZ) before peaking out. We scaled into STX SHORT on heavy size adding heaviest into the double 1.618 fib resistances on a defensive sprawl as the algos finally peaked out just above the 46.28-46.48 range. We used reversions to scale out, very hairy squeeze even as leader WDC peaked out early. Closed out the morning with + $193 Profits.