Trades for Friday, Feb. 24, 2016: + $565 Profits

24 Feb Trades for Friday, Feb. 24, 2016: + $565 Profits

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9:33 – SHORT 2000 AMD 13.96, STOPPED 1000 at 14.07, out - .11, STOPPED 1000 at 14.11, out - .15      =            - $260

10:08 – SHORT 1500 RH 30.91avg, COVERED 1200 at 30.68, out + .23, COVERED 200 at 30.51, out + .40, COVERED 100 at 30.40, out + .51       =          + $407

10:37 – SHORT 2000 JPM 90.07avg, COVERED 1500 at 89.93, out + .14, COVERED 300 at 89.90, out + .17, COVERED 100 at 89.95, out + .12, STOPPED 100 at 90.07, out even =          + $273

10:30 – SHORT 1500 HPE 22.33avg, STOPPED 800 at 22.46, out - .13, STOPPED 700 at 22.60, out - .27    =            - $258

11:10 – BUY 200 UVXY 22.62, STOPPED 22.58, out - .04       =          - $8

11:34 – BUY 3000 UBXY 22.40avg, SOLD 2500 at 22.55, out + .15, SOLD 300 at 22.52, out + .12, STOPPED 200 at 22.40, out even =    + $411

Total Daily P/L:          + $565 Profits

RH02242017finfin-labbeled

Summary

SPY gapped under its daily 5-period ma 236.08 and proceeded to coil off the 235.42 fib to chop around the daiy 5-pd ma. We got stopped out on AMD SHORT which started as a sellfade but eventually grinded with NVDA’s recovery off the 95.70s fib. We scaled into RH SHORT for a nice 5-min tightening but got stopped out on HPE 5-min mini inverse pup. We hit the UVXY LONG for the SPY reversions off the daily 5-period ma. Closed out the morning with + $565 Profits