05 May Trades for Thursday, May 5th, 2016: + $745 Profits
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9:34 – SHORT 500 WFM 29.22, COVERED 29.02, out + .20  =         + $100
10:11 – SHORT 7100 BIDU 79.21avg, COVERED 5000 at 79.11, out + .10, COVERED 1500 at 78.95, out + .26, COVERED 400 at 78.87, out + .34      =         + $1,022
10:26 – SHORT 1400 BIDU 78.71avg, COVERED 78.41, out + .30     =         + $420
11:01 – SHORT 2600 GILD 85.80, STOPPED 86.30, out - .50 =         - $1300
11:15 – BUY 4500 GILD 86.25avg, STOPPED 3000 at 85.98, out - .27, STOPPED 1500 at 85.90, out - .35  =           - $1,335
12:03 – BUY 6500 UVXY 16.44 avg, STOPPED 16.18, out - .26         =         - $1,690
12:33 – BUY 1500 VRX 34.85, SOLD 1500 at 35.03, out + .18           =         + $270
12:50 – BUY 3000 VRX 35.15avg, SOLD 2500 at 25.27, out + .12, SOLD 300 at 35.28, out + .13, STOPPED 300 at 34.95, out - .20                  =         + $256
1:07 – BUY 13000 UVXY 16.39avg, SOLD 11500 at 16.59, out + .20, SOLD 1200 at 16.83avg, out + .44, SOLD 300 at 16.97, out + .58           =         + $3,002
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $745 Profits
Summary
SPY tested the 60-min 5 period ma overshoots constantly but was unable to cross the stochastic back up as it finally wilted at 205.60 resistances and collapsed on perfect storm breakdowns. We hit BIDU for very nice heavy shorts early. GILD tangled us up both ways short and then long on a failed 5-min Seedwave. We hit UVXY LONG very heavy for the perfect storm breakout in the afternoon from 16.39 to 17 on grinds as SPY collapsed on the perfect storm breakdown through that 204.65 fib. Very long day but managed carve out + $745 profits.