Trades for Weds, Nov 16, 2016: + $1,120 Profits

16 Nov Trades for Weds, Nov 16, 2016: + $1,120 Profits

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9:35 – SHORT 200 LOW 66.30, STOPPED 66.65, out - .35     =          - $70

9:39 – SHORT 300 LOW 66.55, STOPPED 66.80, out - .25     =          - $75

9:42 – BUY 1000 SHIP 7, SOLD 7.60, out + .60           =          + $600

9:47 – BUY 500 WFM 31.54, STOPPED 31.48, out - .06         =          - $30

9:56 – BUY 400 SHIP 7.60, SOLD 8, out + .40 =          + $160

10:10 – BUY 500 SHIP 7.50avg, SOLD 7.85, out + .35 =          + $165

10:17 – BUY 2000 SHIP 8, SOLD 1500 at 8.30, out + .30, SOLD 300 at 7.80, out - .20, SOLD 200 at 7.90, out - .10       =          + $370

SWINGS:

Open:

9/30: LONG 6500 ASNA 5.59avg, added 500 at 4.81, avg is 7000 LONG at 5.48,

11/10/2016 – SOLD 5000 ASNA  at 6, out + .52, still long 2000 from 5.48              =              + $2,600

11/14/2016- SOLD 1000 ASNA at 6.39, out + .89, SOLD 500 ASNA 6.53, out + 1.14 =          + $1,460

still long 500 from 5.48

 

Total Daily P/L:          + $1,120 Profits

SHIP11162016finallabeled

Summary

SPY coiled off the daily 5-period ma fib area to retest that 218 fibs. Got chopped on LOW shorts on light shares. We saw the rally in the shippers and tagged SHIP LONGS four times for nice scalps in sympathy of DCIX, GLBS and TOPS. The circuit breaker halts turned into a game of whack-a-mole as money flowed into non-halted shippers until they halted and so on. Closed out the morning with + $1,120 Profits.