Trades for Wednesday, June 7, 2017: + $657 Profits

07 Jun Trades for Wednesday, June 7, 2017: + $657 Profits

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9:36 – SHORT 500 DLTH 17.85, COVERED 17.70, out + .15   =          + $75

9:46 – SHORT 2400 DLTH 17.62avg, COVERED 2000 at 17.42, out + .20, COVERED 200 at 17.26, out + .36, COVERED 100 at 17.33, out + .29, COVERED 100 at 17.21, out + .41           =          + $542

10:15 – BUY 200 AMBA 52.33, SOLD 200 at 53.53avg, out + .20      =          + $40

Total Intra-day P/L:   + $657Profits

DLTH06072017shorts-DLTH DLTHFIBbreakdown06072017

Summary

SPY peaked at its daily 5-pd ma 243.60 this morning. DLTH broke down through the 18.10 gatekeeper fib which set-up our SHORTS for the Perfect Storm breakdown on the 60,15,5 and 1 minute inverse pups.. wow 5-lanes! We nailed DLTH SHORT at 17.85 and at 17.63 as it proceeded to collapse towards the 16.75 fib. We scalped AMBA LONG on light shares as it held the 52.97 fib. Closed out the morning with + $657 Profits