Hi All,
SPY peaked pre-market near the 206.59 fib and sold off to the 60 minute lower bollinger bands and 203.50 fib before coiled back to the 204.72/204.94 fib levels. We hit BBBY at 75.06avg to scale out 74.72, 74.56 and 74.53 into the perfect storm breakdown to stinky 5s levels, out + .34, + .50 and + .53 as it continued to puke into the 73s. We hit FIVE SHORT at 36.92 looking for a superfib break at 36.65 but stopped out at 37.18 on algo sweet that ramped to 60 minute 5 period ma and rejected for an mini inverse pup, out - .26. We hit FIVE SHORT again at 36.54avg for a super fib break again to scale 36.36 and 36.59, out + .18 and - .05. We hit FB SHORT at 77.86 but it faded stopped us out 77.97, out - .11. FIVE was chock full of algo activity and chopped us again on SHORT FIVE at 35.85 to stopped out at 36, out - .15. We spotted the perfect storm breakdown on GILD and hit GILD SHORT at 102.45 to scale 102.23 and 102.32, out + .22 and + .13. We hit GILD SHORT again at 102.07 to scalp 101.83 and 102.07 even on a perfect storm continuation through daily 50 period ma. Grinded out + $501 profits this morning.
Closed out the week with + $4,049 profits.