Hi All,
SPY sold off hard this morning through the 203.50 fib to bounce off the 201.94 fib on the nose. We hit TKMR SHORT at 23.70 average on the opening perfect storm breakdown to scale out 23.25, 22.91 and 22.60, out + .45, + .81 and + 1.10. We hit BBY SHORT at 63.07 average to scale out 62.87, 82.76 and 62.57, out + .20, + .31 and + .50 on perfect storm breakdown. We hit TIF SHORT at 91.59 for a quickie scalp at 90.93, out + .66. We hit SNDK LONG 96.55 average for a 5/15 minute dual mini pup but there was a particularly heavy seller intent on bleeding a ton of shares at the 96.81 area. We scalped out at 96.64 and 96.58, out + .09 and + .03 before it collapsed into the 95s. We hit SBUX LONG at 80.40 for a nice scalp into the daily 5 period ma overshoots on the perfect storm thrusts at 80.59 and 80.76, out + .19 and + .36. Carved out + $1,040 profits this morning.