Stocks recovered from the under heavy selling pressure right after the open, and so did the credit markets. Right now though, they appear to be getting under selling pressure again, making it justified to close the previously open long position at market, and simultaneously open a short one. Please see Trading position section for details.

Trading position (short-term; our opinion): short position (100% position size) (at market, which is 3088 currently) with stop-loss at 3250 and the initial downside target at 2990.

Thank you.

Monica Kingsley
Stock Trading StrategistSunshine Profits: Analysis. Care. Profits.