Trades for Oct 7th, 2015: + $1,409 Profits

07 Oct Trades for Oct 7th, 2015: + $1,409 Profits

9:35 – SHORT 500 YUM at 69.80, COVERED 400 at 69.18, out + .62, COVERED 100 at 68.78, out + .92     =            +$340

9:41 – SHORT 8,000 MU at 18.82avg, COVERED 6,000 at 18.71, out + .11, COVERED 1000 at 18.67, out + .15, COVERED 500 at 18.61, out + .21, COVERED 500 at 18.71, out + .11           =          + $970

10:03 – LONG 400 UVXY 42.23avg, SOLD 300 at 42.59, out + .36, SOLD 100 at 42.71, out + .48     =          + $156

10:39 – SHORT 900 YUM 67.79, STOPPED 67.95, out - .16   =          - $144

10:30 – LONG 200 UVXY 42.50, SOLD 100 at 42.84, out + .34, SOLD 100 at 43.03, out + .53          =          + $87

Total Daily P/L:          + $1,409

Total Weekly P/L:        + $5,296

Total Monthly P/L:      + $9,065

Total Yearly Profit:    + $130,179

Summary:

SPY ramped up this morning on algo sweeps to peak at the 199.83 within the + .20 coil resistance on the 199.67 fib.  We scaled into MU SHORT heavily to get our average price up to 19.82 near that 19.87/19.96 fib and 19.91 last pivot as it was trading above its daily upper bbs at 18.56.  We scaled out nicely into heavy liquidity from 18.71 to 18.61 for nice profits.  We scalped UVXY LONGS on SPY inflection points and UVXY support levels near that 42.50 super fib.  YUM have us a great short off the open for solid gains from 69.80 to 69.18 and 68.78 on a perfect storm breakdown off the open.  We got chopped on YUM SHORT at 67.79avg and missed the opportunity to scalp the 67.50s grrr and took the stop at 67.95, out - .16.  Closed out with + $1,409 profits in just over an hour.