HI All,

SPY tested the daily 5 period moving average off the open at 200.94 before spiking hard back up to 202s.  Major volatility off the open but bulls were able hold ground and grind through the daily 15 period ma at 202.94.  We hit QCOM SHORT at 70.41 but stopped out 70.87 as it triggered a perfect storm.  We took QCOM LONG at 70.95 to scale out 71.29, 71.25 and 71.10, out + .34, + .25 and + .15 on double size.  We hit IBM SHORT at 151.92 to scalp the 151.13 fib on a quick collapse, out + .79.  We hit CREE SHORT at 34.06 for a scalp at 33.77 and 33.56, out + . 29 and + .50.  We tried to hit CREE SHORT again at 33.30 but stopped out at 33.34 as the pivot held at 33.23, out - .04.  We hit MU SHORT at 30.35 but stopped out 30.52, out - .17.  We re-entered MU SHORT at 30.62avg to scalp out 30.47 and 30.57, out - .15 and - .05.  Carved out + $355 profits this morning.