Trades for Friday, Mar 13th, 2015

13 Mar Trades for Friday, Mar 13th, 2015

9:38 – BUY 500 LOCO 27.20, STOPPED 27, out - .20                       =            - $100

9:47 – BUY 500 LOCO 27.25, STOPPED 27.17, out - .08       =            - $40

9:56 – BUY 1000 LOCO 27.25avg, SOLD 1300 at 27.50, out + .25, SOLD 200 at 27.60, out + .35       =            + $395

10:33 – BUY 1000 LVS 52.02avg, SOLD 800 at 52.16, out + .14, SOLD 100 at 52.24, out + .22, SOLD 1000 at 52.30, out + .28            =            + $162

11:14 – BUY 200 ULTA 150.31avg, STOPPED 149.77, out - .54       =            - $ 108

11:19 – BUY 2000 LVS 52.12avg, STOPPED 1500 at 52.05, out - .07, STOPPED 500 at 51.95, out - .17            =            - $190

10:35 – SHORT 1500 ULTA 148.96avg, COVERED 1300 at 148.31, out + .64, COVERED 200 at 149.20, out - .24            =            + $784

Total Daily Profit: + $903

Total Weekly Profit:   + $4,240

Total Monthly Profit: + $7,442

Total Yearly Profit:   + $16,170

Summary:

SPY tried to rally off the gap down but peaked below the daily MSL trigger (207.19) to retest the 204.94 fib. We hit LOCO LONG at 27.20 for a break through the 27.36 super fib but stopped out at 27. We re-entered LOCO LONG at 27.25 but it peaked again off the stinky 2.50s range and super fib 27.35-27.40 to stop out 27.17, out - .08.   We hit LOCO LONG at 27.25avg for the perfect storm breakout that finally triggered and squeeze through the fib to scalp the liquidity at 27.50 and 27.60, out + .25 and + .35 on double size.   We noticed LVS daily MSL at 52.01.   We scaled into LVS LONG at 52.02avg as WYNN also rallied (after 13 straight down days) to scalp 52.16, 52.24 and 52.30, out + .14, + .22 and + .28. We took a small position on ULTA LONG at 150.31avg but stopped out as the SPY sold off and the 5 min MSL got nullified, out - .54. We hit LVS LONG at 52.12avg on WYNN fade for a tightening again back to the daily 5 period ma but SPY weakness was too strong. We used the reversion coils to scale out 52.05 and 51.95, out - .07 and - .17. At this point, we saw ULTA setting up a perfect storm breakdown. We scaled into ULTA SHORT at 148.95avg as the SPY grinded to new lows and collapsing ULTA which provided us much liquidity to scalp out at 148.31 and 149.20, out + .64 and - .24. What a wild and crazy week! We closed out the day with + $903 profits and the weekly with + $4,240 profits.

*I will be OUT of the chatroom on Monday and Tuesday next week.