Trades for Tuesday, April 12th, 2016: + $1,288 Profits

12 Apr Trades for Tuesday, April 12th, 2016: + $1,288 Profits

 

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9:30 – SHORT 500 JNPR 22.65, COVERED 22.42, out + .23    =          + $115

9:37 – SHORT 800 SBUX 58.87avg, STOPPED 800 at 59.04, out - .17                        =          - $136

9:42 – SHORT 1600 SBUX 58.94avg, STOPPED 59.07, out - .13         =          - $208

9:47 – BUY 1000 SBUX 59.14, STOPPED 59.09, out - .05       =          - $50

9:49 – SHORT 1000 SBUX 58.89, COVERED 800 at 58.63, out + .26, COVERED 200 at 58.53, out + .36      =            + $280

9:58 – SHORT 6000 HZNP 14.53avg, COVERED 4500 at 14.35, out + .18, COVERED 1000 at 14.25, out + .28, COVERED 300 at 14.12, out + .41, COVERED 200 at 14.16, out + .37           =          + $1,287

Total Daily P/L:          + $1,288 Profits

SBUX04122016finale HZNP04122016final

Summary

SPY slipped back down to the 203.80 support area off the opening gap on the 60-minute stochastic peak. We hit JNPR SHORT for a beautiful quick perfect storm lean into stinky 2.50s lower range right off the open. SBUX chopped us on the shorts as that 58.92 fib wouldn’t die and then chopped on the long attempt. We finally got the perfect storm signal on a breakdown through 58.90 for a clean move to 58.40 fib. We scaled into HZNP SHORT as it kept trying to coil on the 5-minute but there was heavy resistance at the 14.65-14.80 fib range. There was a massive bidder at 14.62 but he got SMOKED and caused a collapse through stinky 5s lower range towards the 14.10-14.05 fib supports were we scaled out just ahead. Closed out the morning with + $1,288 profits.