Trades for Wednesday, Dec 7, 2016: + $256 Profits

07 Dec Trades for Wednesday, Dec 7, 2016: + $256 Profits

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9:43 – BUY 1000 JPM 83.55avg, STOPPED 83.35, out - .20   =          - $200

9:43 – BUY 1000 SIGM 5.43avg, STOPPED 500 5.35, out - .08, SWING 500 =          - $40

10:02 – BUY 2000 JPM 83.49avg, SOLD 1500 at 83.67, out + .18, SOLD 300 at 83.73, out + .24, SOLD 200 at 83.55, out + .06           =          + $354

9:54 – BUY 300 VRA 13.50, SOLD 200 at 13.93, out + .43, SOLD 100 at 14.06, out + .56     =          + $142

Open Swings

12/7/2016 – LONG 500 SIGM 5.43avg,

Total Daily P/L:          + $256 Profits

VRA12072016labelled

 

Summary

SPY grinded this morning to test the 221.80s area resistance for the 5th time. We hit JPM LONG too early as it diverged with GS. We stepped back in long as it based the 1.618 fib at 83.30 to scalp the grinds back up to 83.73 range. We scaled VRA LONG at 13.50 for a perfect storm tightening play to scalp out up to 14.06. We scaled into SIGM LONG for a small position swing in this internet of things play. Closed out the morning with + $256 profits.