Trades for Monday, June 19, 2017: + $338 Profits

19 Jun Trades for Monday, June 19, 2017: + $338 Profits

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9:44 – SHORT 1600 AABA 54.86avg, COVERED 1100 at 54.78, out + .08, COVERED 500 at 54.57, out + .29            =          + $233

10:07 – SHORT 300 NVDA 156.52, COVERED 300 at 156.17, out + .35         =          + $105

Total Intra-day P/L:   + $338 Profits

NVDAFibShort06192017 NVDA06182017

Summary

SPY rallied this morning back up through the daily 5-period ma at 243.90 to once again go back into the make or break mode as the stochastic test the 80-band. We scaled into AABA SHORT (the new symbol for YHOO) at 54.86avg using the 54.80 and 55.05 fibs (YHOO fibs) for the inevitable reversion to scalp leans back to 54.50s. We also hit NVDA SHORT at 156.52 which was a DOUBLE .618 fib resistance for nice reversions back down to mid 155s. Closed out the morning with + $338 Profits