Trades for Wednesday, April 13th, 2016: + $1,030 Profits

13 Apr Trades for Wednesday, April 13th, 2016: + $1,030 Profits

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9:36 – SHORT 5000 61.34avg, COVERED 4000 at 61.23, out + .11, COVERED 800 at 61.27, out + .07, COVERED 100 at 61.22, out + .08, COVERED 100 at 61.45, out - .11                        =          + $493

9:38 – SHORT 1000 HZNP 13.50avg, COVERED 800 at 13.48, out + .02, COVERED 200 at 13.32, out + .18            =          + $34

10:31 – SHORT 2500 NFLX 110.80avg, COVERED 2000 at 110.64, out + .16, COVERED 300 at 110.53, out + .27, COVERED 100 at 110.36, out + .44, COVERED 100 at 110.22, out + .58            =          + $503

Total Daily P/L:          + $1,030 Profits

NFLX04132016finale

Summary

SPY gapped and grinded towards the 207.40 stinky 2.50s coil resistance but was not able to hold a break there. The 60-minute stochastics went into a make or break as the daily stochastic is attempting to cross back up. We scaled into JPM and NFLX SHORTS for nice reversions off multiple fib peaks. JPM 61.40 fib was a great reversal area and NFLX 111.27 fib was the peak. Earnings season starting to pick up the action. Closed out the morning with + $1,030profits.