Trades for Friday, July 1st, 2016: + $2,334 Profits

01 Jul Trades for Friday, July 1st, 2016: + $2,334 Profits

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9:26 – SHORT 300 HSY 112.50 (premarket), COVERED 200 at 211.25, out + 1.25, COVERED 100 at 210.75, out + 1.75        =          + $425

 

9:33 – SHORT 300 NFLX 95.55avg, COVERED 200 at 95.31, out + .24, COVERED 100 at 95.14, out + .41   =            + $89

9:40 – SHORT 200 HSY 111, STOPPED 111.35, out - .35        =          - $70

9:51 – SHORT 2000 HSY 113.52avg, COVERED 1500 at 112.90, out + .62, COVERED 500 at 112.80, out + .72            =          + $1,290

9:52 – SHORT 1500 NEM 39.75avg, STOPPED 1500 at 39.97, out - .22        =          - $330

10:05 – SHORT 2000 NEM 39.92avg, STOPPED 1500 at 39.95, out - .03, COVERED 500 at 39.69, out + .23            =          + $70

10:13 – SHORT 1500 MU 12.32avg, STOPPED 1500 at 12.35, out - .03        =          - $45

10:20 – SHORT 2000 MU at 12.35avg, STOPPED 12.39avg, out - .04                        =          - $80

10:58 – SHORT 2800 HSY 112.07avg, COVERED 2500 at 111.87, out + .20, COVERED 300 at 111.76, out + .31            =          + $655

Total Daily P/L:          + $2,334 Profits

 HSY07012016finalle

Summary

SPY grinded hard on the 60-minute pup breakout to peak the stinky 5s area before the 5-min mini inverse pup reversion kicked off.  We took premarket shorts on HSY at 112.50 for beautiful leans on the open towards the 209.20 fibs for nice scalps. We continued to SHORT HSY on pops for the bulk of the profits. NEM and MU were a pain and stopped us out as 29.60 had a sick support on GDX equivalent to 39.60 support.  Closed out morning with + $2,334 Profits.