Trades for Thursday, June 23rd, 2016: + $413 Profits

23 Jun Trades for Thursday, June 23rd, 2016: + $413 Profits

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10:26 – SHORT 1000 BBBY 44.90avg, COVERED 44.72, out + .18     =          + $180

11:16 – SHORT 1900 RHT 76.63, COVERED 1500 at 76.68, out - .05, COVERED 300 at 76.70, out - .07, COVERED 200 at 77.83, out - .20       =          - $136

11:07 – SHORT 2000 NVDA 48.46avg, COVERED 1000 at 48.40, out + .06, COVERED 500 at 48.44, out + .02, COVERED 500 at 48.41, out + .05       =          + $95

11:18 – BUY 1500 TWTR 16.71avg, SOLD 1500 at 16.71, out even

11:50 – BUY 2000 TWTR 16.73avg, SOLD 1000 at 16.82, out + .10, SOLD 1000 at 16.75, out + .02 =          + $120

12:30 – BUY 2000 UVXY 11.18avg, SOLD 1500 at 11.24, out + .06, SOLD 300 at 11.32, out + .14, SOLD 200 at 11.29, out + .11           =          + $154

Total Daily P/L:          + $413 Profits

BBBY06232016

Summary

SPY grinded thru last pivot this morning on the perfect storm lead by 60-minute pup. We hit BBBY for a nice reversion on the first 5 min MSH trigger + 1 minute mini inverse pup perfect set-up.  We got trapped on RHT short and scaled up towards that 77.20 fib area top heavy and used the reversions to minimize the damage and trim out near our 76.60s avg area on the bulk of the shares. NVDA tagged the 48.53 fib and we shorted for a reversion but that 48.40 was so strong. We tagged UVXY LONGS at 11.18avg to scalp into the thrusts through the 11.25 and 11.35 double resistance fibs. Those have been super strong support fibs but now turned resistance. Closed out with + $413 Profits.