11 Jul Trades for Monday, July 11th, 2016: + $769 Profits
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9:35 – SHORT 300 IMPV 49.33avg, COVERED 200 at 48.36, out + .97, COVERED 100 at 47.83, out + 1.50 =           + $344
9:37 – SHORT 2000 JPM 62.90avg, COVERED 1500 at 62.71, out + .18, COVERED 300 at 62.63, out + .27, COVERED 200 at 62.53, out + .37      =         + $425
Total Daily P/L:Â Â Â Â Â Â Â Â Â + $769 Profits
 
Summary
SPY gapped and attempted to grind towards the 213.78 fib. We scaled into IMPV SHORT at 49.33avg hoping for a pop to short the 1.618 fib at 50.50 but it rejected off 50 level. We scaled out at 48.36 and 47.83 for nice gains. We scaled into JPM SHORT at 62.95avg for a steady reversion back down through the 62.76 and 62.60 fibs and last pivot to scalp out in the stinky 2.50s range. Closed out with + $769 Profits in under 20 minutes.