Perfect Storm Trades for 1/6/2014

Hi All,

SPY bounced to the monthly 5 period moving average and rejected off 202.63 which sets up a MONTHLY MINI INVERSE PUP breakdown which is extremely bearish.  We hit AOL LONG at 46.83 but stopped out at 46.15, out - .68 on light shares.  We spotted the 60 minute pup mini pup and took NDRM LONG at 14.78avg, to scale out 15.10, 15.35 and 15.59, out + .32, + .57 and + .81 as it tagged the stinky 5s upper range and 15.57 fib on the nose.  We scaled into AOL LONG at 47.42 average price to scalp the perfect storm thrusts on 15 minute mini pup at 47.73, 47.63 and 47.45, out + .31, + .21 and + .03 on heavy size into liquidity.  We hit AAPL SHORT at 107.13 to scalp 106.87 and 106.91 off the 107.17 fib resistance, out + .28 and + .22.  We hit TWTR SHORT at 37.46 for a laggard reversion as SPY was sinking, to scalp 37.28 and 37.31, out + .18 and + .15.  Carved out + $1,205 profits this morning.

Posted to Morning Profit Maker on Jan 06, 2015 — 11:01 AM
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