Trades for Friday, April 22nd, 2016: + $1,301 Profits

22 Apr Trades for Friday, April 22nd, 2016: + $1,301 Profits

 

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9:31 – SHORT 1100 NSC at 89.88avg, COVERED 800 at 89.33, out + .55, COVERED 100 at 89.03, out + .85, COVERED 200 at 88.77, out + 1.11     =          + $747

9:40 – SHORT 1000 MSFT 51.93avg, COVERED 800 at 51.73, out + .20, COVERED 200 at 51.86, out + .07            =          + $174

9:46 – SHORT 300 SKX 32.95, COVERED 32.55, out + .40      =          + $120

10:00 – SHORT 400 MSFT 51.66, COVERED 51.48, out + .18 =          + $72

10:19 – BUY 500 MSFT 51.06, SOLD 51.19, out + .13 =          + $65

10:13 – BUY 700 MSFT 50.98avg, SOLD 700 at 51.04, out + .06  =   + $42

10:20 – BUY 800 MSFT 50.92avg, SOLD 400 at 50.97, out + .05, SOLD 300 at 51.04, out + .12, SOLD 100 at 51.17, out + .25           =          + $81

Total Daily P/L:          + $1,301 Profits

NSC04222016

Summary

SPY sold off as the daily 5 period ma resistance held the bounce attempts at 209.27 causing the 60-minute stochastic to fall. We scaled into NSC SHORT off the opening spikes to average shares at 89.88 short as reversion kicked in towards the 88.50s to scale out into. We hit SKX for a nice liquid short off the 32.95 area to crack that 32.82 gatekeeper fib briefly to scalp out the leans into the stinky 2.50s area 32.50s. We scalped MSFT SHORT and LONG off the 51.65 fib and 51.03/50.75 gatekeeper support fibs. Closed out the morning with + $1,301 Profits