Trades for Wednesday, July 19, 2017: + $420 Profits

19 Jul Trades for Wednesday, July 19, 2017: + $420 Profits

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9:35 – SHORT 200 SNI 79.90, COVERED 100 at 79.50, out + .40, STOPPED 100 at 80, out - .10      =          + $30

9:42 – SHORT 300 SNI 79.60, COVERED 200 at 79.05, out + .55, COVERED 100 at 78.60, out + .45            =            + $155

9:57 – SHORT 200 CSX 52, STOPPED 52.05, out - .05 =          - $10

10:00 – SHORT 1400 CSX 51.93avg, COVERED 1100 at 51.77, out + .16, COVERED 200 at 51.72, out + .21, COVERED 100 at 51.66, out + .27       =          + $245

Total Intra-day P/L:   + $420 Profits

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Summary

SPY chopped on the gap this morning. We hit SNI SHORTS as it peaked off the 80.04 gatekeeper fib through the 79.42 fib to eventually nail the 77.44 fib. We hit CSX SHORTS on the perfect storm breakdown anchored by both a daily mini inverse pup and a 60-minute inverse pup, which is like having pocket aces and a third ace up the sleeve.  Closed out the morning with + $420 Profits