Perfect Storm Trades for 1/8/2015

Hi All,

SPY gapped and grinded again this morning as it peaked near the prior 208.88, the 60 minute bear flag peak.  We hit FOLD LONG at 9.53avg for a perfect storm breakout on super fib break, but it got faded and then reversed on us to trigger stops out at 9, out - .53.  We hit NBIX SHORT at 27.80avg on the perfect storm breakdown that started with an opening 15 minute mini inverse pup, to scale out 27.12, 27.02, 26.56 and 26.82 into panics, out + .68, + .78, + 1.24 and + .98.  We hit M SHORT at 67.96avg on 5 minute inverse pup as retailers like $GPS were at lows to scale out 67.75 and 67.77, out + .21 and + .19 as SPY started to ramp hard.  We hit AAPL SHORT at 110.56avg looking for a stinky 5s level reversion rug pull but it managed to hold even with SPY pullbacks.  We used the reversion to stop out at 110.59, out - .03.  We scaled into SPY SHORT at 205.64avg to scalp 205.49 and 205.23, out + .15 and + .41.  We hit AAPL SHORT again at 110.89avg for a reversion with SPY but once again it was resilient in a grind stopping us out at 111.04, out - .15.  We waited for AAPL to grind towards the next key fib 111.39.  We scaled into AAPL SHORT at 111.40 as we added on the way up top heavier near the fib and fib coil resistance area in the 111.50s simultaneously with the SPY shorts.  SPY formed a perfect storm breakdown lean on 1,5,15 minute mini inverse pups.  This caused AAPL to FINALLY BREAK that 111.39 fib to scale out 111.29, 111.12 and 111.11 at the 15 min 5 period ma, out + .11, + .28 and + .29.  Tough trading last two days.  Managed to carve out + $481 profits after a very rough start.

Posted to Morning Profit Maker on Jan 08, 2015 — 1:01 PM
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