Hi All,

SPY gapped down this morning under daily 5pd ma but it was as a result of ex-dividend as an MPM member reminded me.  Ex-dividend days can screw up the charts as they need a day to recalibrate to the new levels.  However, the selling pressure was evident from the open as all the generals were eroding.  We spotted one stock buy fading on the watchlist which was ARO.  ARO has been stalked for months by me on that 13.80 resistance level.  It gapped through in the last 3 days before the earnings gap down.  When it buyfaded and formed a 1 minute mini pup with the 5/15 min cross up, it set up a muscle memory reversion pop.  We took ARO LONG at 13.86 to scale 13.98, 14.03 and 14.06 into the super heavy liquidity as HFTs were driving up the bids all the up to the 14.40 stinky 5s coil resistance, out + .11, + .16 and + .19.  Clipped out + $123 profits on a 5 minute trade.

Closed out the week with + $509 profits.