Trades for Thursday, March 24th, 2016: + $614 Profits

24 Mar Trades for Thursday, March 24th, 2016: + $614 Profits

9:32 – SHORT 1300 NKE 61.98avg, COVERED 1200 at 61.73, out + .25, COVERED 100 at 61.96, out + .02 =            + $302

9:33 – SHORT 1000 HPE 17.37, COVERED 17.25, out + .12   =          + $120

9:53 – SHORT 500 GILD 91.40avg, STOPPED 500 at 91.52, out - .12 =          - $60

9:59 – SHORT 400 GILD 91.48avg, COVERED 300 at 91.38, out + .10, STOPPED 200 at 91.65, out - .17     =            - $4

9:59 – BUY 500 UVXY 24.93, SOLD 25.05, out + .12   =          + $60

10:06 – BUY 500 UVXY 25.02, SOLD 25.19, out + .17 =          + $85

10:16 – BUY 300 UVXY 25.07, STOPPED 25.03, out - .04       =          - $12

10:20 – SHORT 400 PTLA 21.15, COVERED 20.85, out + .30  =          + $120

10:26 – BUY 600 UVXY 25.08avg, STOPPED 300 at 24.94, out - .14, STOPPED 300 at 24.87, out - .21        =            - $105

10:28 – BUY 600 NKE 61.22, SOLD 61.40, out + .18   =          + $108

Total Daily P/L:          + $614 Profits

NKE03242016againelabelled

Summary

SPY gapped down to the daily 15 period ma this morning and managed to coil back up through the 202.19 fib as the 15 min mini pup powered higher with the 60 minute stochastic cross back up. We hit NKE SHORT off the open for nice scalps as it continued to sell-off to towards the 62.10 fib were we hit LONGS off the coils on 1 minute mini pup with MSL trigger to scalp back towards the 61.51 fib. HPE gave a nice SHORT off the stinky 2.50 lower range 17.40 area back to the 17.11 fib. We hit small scalps on light shares to play it safe for the morning.  Choppy light volume action this morning, closed out with + $614 profits.

*** Jea Yu will be out of town between March 28th-March 30th, 2016.  Chatroom will be open again on April 1st, 2016 *** 

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