Trades for Tuesday, July 5th, 2016: + $1,087 Profits

06 Jul Trades for Tuesday, July 5th, 2016: + $1,087 Profits

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9:30 – SHORT 500 JPM 60.30, COVERED 60.05, out + .25     =          + $125

9:47 – BUY 200 NFLX 93.50, SOLD 93.77, out + .27               =          + $54

10:17 – BUY 1000 UVXY 9.37, STOPPED 500 at 9.18, out - .19, STOPPED 500 at 9.16, out - .21      =          - $200

10:26 – BUY 300 TSLA 210.50, STOPPED 209.70, out - .80    =          - $240

11:03 – BUY 3000 SDS 18.02avg, SOLD 1500 at 18.01, out - .01, SOLD 1500 at 10.08, out + .06     =          + $75

11:10 – BUY 300 UVXY 9.41avg, SOLD 300 at 9.36, out - .05 =          - $15

12:09 – SHORT 2100 NFLX 98.80avg, COVERED 1100 at 98.27, out + .53, COVERED 800 at 98.13, out + .67, COVERED 200 at 98.57, out + .23       =          + $1,165

12:51 – BUY 700 UVXY 9.45avg, SOLD 500 at 9.58, out + .13, SOLD 100 at 9.70, out + .25, SOLD 100 at 9.78, out + .33          =          + $123

Total Daily P/L:          + $1,087 Profits

 NFLX07052016finalled

Summary

SPY tried to rally off the gap down but the banks were too weak. We hit JPM and NFLX scalps off the open. Got chopped around on UVXY. NFLX squeezed hard this morning as we scaled into the short at 98.80avg for the reversion back down to the 98.15 fib to scale out for nice gains. Locked out the SDS and UVXY trades as the SPY coiled off the daily 50 period ma at 207.72 area.  Closed out with + $1,087 Profits.