Trades for Monday, April 18th, 2016: + $614 Profits

18 Apr Trades for Monday, April 18th, 2016: + $614 Profits

 

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9:37 – SHORT 400 NFLX 109.14, COVERED 300 at 109.07, out + .07, STOPPED 100 at 109.23, out - .09     =            + $12

9:43 – BUY 600 AAPL 108.07avg, SOLD 400 at 108.07, out even, STOPPED 200 at 107.98, out - .09           =            - $18

10:04 – SHORT 1900 NFLX 109.19avg, COVERED 1600 at 109.06, out + .13, COVERED 100 at 108.93, out + .26, COVERED 200 at 109.02, out + .17          =          + $398

10:19 – SHORT 300 NFLX 109avg, STOPPED 200 at109.22, out - .22, STOPPED 100 at 109.33, out - .33     =            - $77

10:32 – SHORT 500 NFLX 109.24avg, COVERED 109.12, out + .12    =          + $60

10:49 – SHORT 700 NFLX 108.89avg, COVERED 500 at 108.59, out + .30, COVERED 100 at 108.50, out + .39, COVERED 100 at 108.39, out + .50     =          + $239

Total Daily P/L:          + $614 Profits

NFLX04182016finale

Summary

SPY very strong off the opening gap down this morning as it grinded through last weeks highs on the bounce in financials and oils. We played NFLX SHORTS off the 60-minute and 15-minute mini inverse pup anchors which set-up perfect storm breakdowns every time the 5-minute and 1-minute stochastic turned back down. NFLX eventually cracked that 108.78 support to collapse through the 108.34 fib towards the 108.20 fibs despite strength in the SPY. Closed out the morning with + $614 profits.