Perfect Storm Trades for 1/2/2015

Hi All,

SPY faded the 60 minute mini pup today and collapsed through the daily 15 period ma and 204.94 fib.  Next downside fibs sit at 204.24 and 203.50 along with the 203.90 daily 50 period moving average bumper.  We hit BBBY SHORT at 77.89avg off the open as the 15 and 5 minute mini inverse pups triggered on the opening bell (what a GIFT!!!), we scaled out stinky 2.50s level leans at 77.44 and 77.56, out + .45 and + .33.  We hit AAPL SHORT at 111.06 on hellish sellfade making new lows on SPY new highs as it broke the 111.39 fib coil support, to cover leans at 110.88 and 110.70, out + .18 and + .36.  We hit LVS SHORT at 57.74 to scale out 57.50 and 57.57, out + .24 and + .17.  We got chopped around on AAPL smaller shares trying to game that 109.30 fib.  We hit AAPL LONG at 109.30 but stopped 109.24, out - .06.  We hit AAPL SHORT at 109.02 but stopped at 109.20.  WIth the 1 minute mini pup in tow, we took AAPL LONG at 109.35 on double size for the tightening spike towards the 5 min 5 period ma to scalp 109.54, 109.40 and 109.29, out + .19, + .15 and - .05.  We saw LVS perfect storm breakdown continuing with rest of the sector WYNN, MPEL, MGM and hit LVS SHORT at 56.92 on double size to scale out 56.72, 56.63 and 56.56, out + .20, + .29 and + .36.  We scaled into SPY SHORT at 205.84 but stopped out 206.02, out - .18 as the algos sweeped back up through the 5 mnin 5 period ma.   We hit a quick scalp on LVS SHORT at 56.05 to scalp 55.93, out + .12 as the algos held it up until the SPY collapsed trough the 205.80 trigger and LVS collapsed straight through 56.40s doh.  We opted not to chase LVS but to hit peer MGM SHORT at 20.56 on triple size as it was correlating with LVS and SPY.  As SPY collapsed hard through 205.40 stinky 5s then 205 towards the 204.94 fib support, we scaled out MGM shorts at 20.46 and 20.44, out + .10 and + .12 on plenty of liquidity ahead of the coil off the fib overshoot levels.  We took SPY LONG at 204.90 for the bounce off fib to scalp out 205.20 and 205.06, out + .30 and + .16 to catch the fib coils.  Very nice action this morning.  Carved out + $1,102 profits this morning.

Posted to Morning Profit Maker on Jan 02, 2015 — 12:01 PM
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