11 Aug Trades for Thurs, Aug 11, 2016: + $1,002 Profits
*LAST CALL * Summer one-on-one LIVE mentorships trader training with Jea Yu for 2-5 day mentorships are available.  Beginners to seasoned traders are welcome as the training is customized to the individual. Contact  us for dates and details or email JeaYu21@gmail.com directly.  Spots are limited!
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9:30 – SHORT 400 M 38.90, STOPPED 39.40, out - .50         =         - $200
9:40 – BUY GPS 25.05, STOPPED 24.78, out - .37      =         - $370
9:45 – SHORT 10000 YHOO 41.42avg, COVERED 7000 at 41.32, out + .10, COVERED 2000 at 41.22, out + .20, COVERED 600 at 41.31, out + .11, COVERED 400 at 41.43 out - .01 =         + $1,162
9:56 – SHORT 300 M at 39.02, COVERED 300 at 38.82, out + .20    =         + $60
10:04 – SHORT 5000 TWTR 19.53avg, COVERED 4000 at 19.47, out + .06, COVERED 1000 at 19.42, out + .11           =         + $350
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $1,002 Profits
 
Summary
SPY triggered a daily mini pup after coiling back up off the 218.02 daily 5-period ma. We got squeezed on M short off the open on light shares looking for that 38.90 fib break. We scaled into YHOO shorts and TWTR shorts for reversions that kicked in nicely on the SPY pullbacks to the daily 5pd ma. We scalped those out before the SPY coils. TWTR gave excellent entries on the 19.53 and 19.59 fibs for shorts. YHOO peaked out with BIDU on the 41.62 and 92.73 respective fibs. Closed out the morning with + $1,002 profits.