Stocks finished Monday's session with a solid upside move amid broadly confirming credit markets. The slightly lower high-yield corporate bonds volume isn't an issue in itself, yet the strength among the leaders of Friday's move, could have been more evenly spread. Some continued to lead, some including smallcaps hesitated. while the tech big names had a good day - and that gives a reason good enough to tighten the profitable open trade's parameters (protecting against the potential downside while leaving the discrepancies room to resolve themselves in a positive way).

Please see Trading position section for details.

Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3218 and initial upside target at 3250.

Thank you.

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