31 Mar Trades for Wednesday, Mar 31st, 2015
9:42 – SHORT 10000 MU 26.84avg, COVERED 8000 at 26.78, out + .05, COVERED 1000 at 26.77, out + .07, COVERED 500 at 26.82, out + .02, COVERED 500 at 26.77, out + .07           =           + $515
10:26 – BUY 1000 LO 65.32, STOPPED 65.25, out - .07      =           - $70
10:31 – SHORT 500 TWTR 50.36, STOPPED 50.36, out - .20      =           - $100
10:44 – SHORT 2000 LO 65.22avg, STOPPED 1000 at 65.27, out - .05, STOPPED 500 at 65.28, - .06, STOPPED 500 at 65.29, out - .07                     =           - $115
11:23 – SHORT 6000 MU 27avg, COVERED 5500 at 26.91, out + .09, COVERED 500 at 26.85, out + .15      =           $615
Total Daily Profits: Â + $845
Total Weekly Profit:Â Â + $873
Total Monthly Profit: + $10,284
Total Yearly Profit: Â Â + $19,069
Summary:
SPY gapped down this morning an grinded on algo sweeps up to 208 pivot before putting in a 515 min MSH for reversions down to 207.20s testing the 60 minute 5 on the make or break. SNDK was very weak off the open and we play the divergence on MU. We hit MU SHORT at 26.85avg as SNDK was still dumping for MU to finally get a reversion sell-off to scale out 26.78, 26.77, 26.82 and 26.77 on heavy size into liquidity, out + .05, +.07, + .02, and + .07. We got chopped on LO LONG at 65.32 looking for a breakout into the stinky 5s level and 65.50 fib. It chopped to 65.40 but then exhausted while 15 min stochastics were still in a mini pup. We took LO SHORT at 65.22avg for a 65.10 break but it coiled back up eventually stopping us out in pieces at 65.27, 65.28 and 65.29, out - .05, - .06 and - .07. TWTR popped up through the 50.25 fib as we took it SHORT for exhaustion but it held the stinky 5s levels where we stopped out. Â We noticed SNDK triggering a perfect storm breakdown towards new lows while MU was testing highs. The SPY was in a 5/1 minute dual mini inverse pup sell-off. We scaled into MU SHORT at 27avg for a laggard reversion on heavier size to align with SNDK. Â Although these two peer flash memory stocks tend to move together most of the times, there are days where they will diverge, but the inflection points still correlation. MU sold off hard through the pivot to scale out 26.91 and lock 26.85, out + .09 and + .15. SPY chopping as there is a lot of limp volume divergence out there with SPY and even within the sectors (ie: SNDK and MU). This is the very definition of a dry market trading climate. Call it an early day. Closed out with + $845 profits.