Hi All,
Futures had a rollercoaster ride pre-market spilling into the morning. SPY peaked at the 201.94 fib and daily 5 period moving average area resulting in a potential daily mini and inverse pup. We hit TGT SHORT at 76.75 off the opening perfect storm breakdown anchored by 15 and 5 minute dual mini inverse pups (rare) for a beautiful panic collapse to scale out 76.29 and 76, out + .46 and + .75. We hit BBRY LONG at 10.67 but momentum eroded and we used the coils to scale out at 10.64 and 10.52 stops, out - .03 and - .15. We hit BBY LONG at 33.65avg on the 5 min market structure low channel tightening with 1 minute mini pup coils to scalp out 33.99 and 33.86, out + .34 and + .21. We re-entered BBBY LONG at 33.93avg from scaling entries from 34.10 to 33.50s) as there was a massive bidder at 33.50 to triggered short covers as the 15 minute stochastics crossed up and 5 minute mini pup formed providing nice overshoots to scale out into at 33.95, 34.01 and 33.96, out + .13, + .18 and + .13. We hit AAL SHORT at 50.25 after peaking at the daily 5 period moving average and pivot and stinky 5s levels for a nominal reversion on the 5/1 minute dual mini inverse pups to scale out 50.04 and 49.93, out + .21 and + .32. Carved out + $839 profits this morning.