Trades for Friday, July 22, 2016: + $951 Profits

22 Jul Trades for Friday, July 22, 2016: + $951 Profits

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9:32 – SHORT 1000 SBUX 57.50avg, COVERED 800 at 57.27, out + .32, COVERED 300 at 57.55, out - .05 =            + $241

9:38 – BUY 2800 SKX 25.63avg, SOLD 2000 at 25.90, out + .27, SOLD 500 at 25.78, out + .15, STOPPED 300 at 25.55, out - .08            =          + $581

9:48 – BUY 300 SKX 24.82, SOLD 200 at 25.02, out + .20, SOLD 100 at 25.24, out + .42      =          + $82

9:55 – SHORT 300 SBUX 57.53, STOPPED 57.57, out - .04     =          - $12

10:01 – BUY 1000 SBUX 57.73avg, STOPPED 700at 57.63, out - .10, STOPPED 300 at 57.58, out - .15        =            - $115

10:10 – SHORT 1000 P 12, STOPPED 12.01, out - .01 =          - $1

10:27 – SHORT 3000 SBUX 57.39avg, COVERED 2500 at 57.37, out + .02, COVERED 500 at 57.27, out + .12            =          + $110

11:03 – SHORT 500 SVXY 60.35avg, COVERED 400 at 60.24, out + .11, COVERED 100 at 60.17, out + .18 =            + $62

Total Daily P/L:          + $951 Profits

 

Summary

SPY looked like it was toast this morning and again the bulls managed to grind it back up towards that 216.79 fib resistance area. That was the trigger for the sell-off yesterday after peaking the 217.15 massive fib resistance. We nailed SBUX on the shorts this morning while the 15/5/1-minute charts had mini inverse pups BUT made sure to lock profits since that 60-minute had a mini pup with bad intentions looming. We scalped SKX LONGs with precision before the 1-minute coils peaked and resumed the perfect storm breakdowns.  Closed out with + $951 Profits.