Perfect Storm Trades for 10/21/2014

Hi All,

SPY gapped on AAPL earnings and managed to grind through 193 on a steady...grind.  Stocks seemed to have some disconnects with the SPY in various sectors and pockets.  We took FB SHORT at 77.48avg off the open for a reversion off the 77.57 fib resistance to scalp 77.33 and 77.32, out +.15 and + .16.  We hit AAPL SHORT at 102.01avg to scalp 101.72, 101.87 and 101.59, out + .29, + .14 and + .40 on the fade.  We re-shorted AAPL at 101.80 but stopped at 101.95 on an algo sweep, out - .15.  We got chopped on FB many times near that 77.57 fib and stinky 2.50s area,  We hit AAPL re-SHORT on QUADRUPLE SIZE at 101.70avg when it started to fade and set-up a perfect storm breakdown.  AAPL collapsed in huge panic on the 101.50 break to give us beautiful GIFTS to cover at 101.32, 101.40 and 101.50, out + .38, + .27 and + .20.  We got another beautiful gift on YHOO when we hit YHOO SHORT at 39.66 to scalp the leans through the 39.37 fib panic and stinky 5s  level out at 39.47, out + .19.  We continued to get chopped on KO and smaller shares of FB.  Taking note of FB, we saw a noticeable fade on TWTR at 51.50.  We hit TWTR SHORT at 51.49avg to scale out at 51.36 (triple support), 51.40 and 51.44, out + .13, + .09 and + .05.  Carved out + $1,197 profits this morning.

Posted to Morning Profit Maker on Oct 21, 2014 — 11:10 AM
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