12 Aug Trades for Friday, Aug 12, 2016: + $707 Profits
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9:32 – BUY 400 NVDA 62, SOLD 300 at 62.29, out + .29, SOLD 100 at 62.47, out + .47      =         + $144
9:38 – SHORT 900 NVDA 63.16avg, COVERED 700 at 62.93, out + .23, COVERED 200 at 62.87, out + .29 =           + $219
9:48 – SHORT 1000 YHOO 42.23, COVERED 42.13, out + .10                       =         + $100
10:03 – SHORT 700 NVDA 61.18avg, COVERED 500 at 60.94, out + .24, COVERED 100 at 60.84, out + .34, COVERED 100 at 60.76, out + .42      =         + $244
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $707 Profits
 
Summary
SPY daily mini pup got a reversion back to the daily 5-pd ma at 218.13Â before bouncing to trigger a perfect storm breakout on 60-min stochastic cross up. The 219.10 is the 1.618 fib and potential reversal level. We scalped NVDA long off the open from 62 as it grinded towards the 63.24 fib where we scaled in shorts for a nice reversion back to 62.80s to scalp. The daily formed a mini inverse pup on NVDA prompting shorts again off 61.18avg to scalp the leans down to the 60.63 fib on the nose which was the 1.618 reversion level. Closed out the morning with + $707 profits.