Perfect Storm Trades for 12/29/2014

Hi All,

SPY held very tight range in upper 208s this morning.  We hit MTW SHORT at 22.85 on the opening perfect storm reversion through the super fib to scale out 22.60 and 22.65, out + .25 and + .20.  We hit GILD SHORT at 96.65 to scalp 96.52 and 96.59, out + .13 and + .06.  We re-entered GILD SHORT at 96.58 for the 1 minute mini inverse pup that triggered a panic collapse to scalp out 96.36 and 96.31, out + .22 and + .27.  We hit BBBY SHORT at 77.22avg but took a small clip at 77.21 right before it collapsed doh, out + .01.  We hit M SHORT at 64.65 for a reversion tightening but the stinky 5s level held and retail sector/peer correlation went out the window on thin liquidity to stop out at 65.78, out - .13.  Carved out + $319 profits this morning.

Posted to Morning Profit Maker on Dec 29, 2014 — 11:12 AM
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