Trades for Weds, Nov 9, 2016: + $5,016 Profits

09 Nov Trades for Weds, Nov 9, 2016: + $5,016 Profits

9:34 – SHORT 3000 PFE 33.05avg, COVERED 2000 at 32.55, out + .50, COVERED 300 at 32.35, out + .70, COVERED 200 at 32.27, out + .73       =          + $1,356

9:39 – SHORT 4400 CXW 21.31avg, COVERED 4000 at 20.50, out + .81, COVERED 400 at 20.25, out 1.05 =            + $3,660

SWINGS:

 

Open:

9/30: LONG 6500 ASNA 5.59avg, added 500 at 4.81, avg is 7000 LONG at 5.48

Total Daily P/L:          + $5,016 Profits

Summary

SPY recovered off premarket lows to spike to the 114.67 major fib resistance this morning. We hit PFE SHORT on a RIDICULOUS GAP (+3 points) with the 33.05 fib resistance to scale into for a beautiful reversion to 32.20s. We scaled into CXW SHORT from 19s-22.50 to avg 21.31 on heavy shares for a beautiful tightening reversion dump to scale out in the 20.50-20.25 range. Closed the morning out with + $5,016 Profits.