Trades for Wed, Feb 24th, 2016: +$938 Profits

24 Feb Trades for Wed, Feb 24th, 2016: +$938 Profits

9:36 – BUY 500 TGT 75, SOLD 400 at 75.47, out + .47, SOLD 100 at 75.27, out + .27          =          + $215

9:38 – SHORT 300 CAR 25, COVERED 24.66, out + .34          =          + $102

9:45 – SHORT 400 AAPL 94.37, COVERED 94.15, out + .22   =          + $88

10:09 – SHORT 900 DWA 23.90avg, COVERED 900 at 24, out - .10  =          - $90

10:29 – BUY 500 CAR 22.62, SOLD 400 at 22.99, out + .38, SOLD 100 at 23.22, out + .60   =          + $212

10:40 – SHORT 800 DWA 24.30, COVERED 600 at 24.12, out + .18, STOPPED 200 at 24.53, out - .23        =            + $8

11:09 – SHORT 500 CAR 22.37avg, COVERED 400 at 22.11, out + .26, COVERED 100 at 22.07, out + .30  =            + $134

11:32 – BUY 1000 TGT 75.58avg, SOLD 700 at 75.83, out + .25, SOLD 200 at 75.93, out + .35, SOLD 100 at 76.07, out + .49           =          + $269

Total Daily P/L:    + $938 profits

Summary

SPY bottomed off the stinky 5s lower range 189.40s to coil the 60-min stochastics back up through 20 band and tightened to the 15 period ma at 191.30.  We hit TGT longs for nice scalps on the 60-min butterfly.  We hit CAR short and long as it managed to move well off the fibs and the perfect storm breakdowns.  DWA turned into a squeeze but we were able to minimize damage with scaling in and out on reversions. Closed out the morning with + $938 profits.

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