In the sports arena, they say that offense wins matches while defense wins championship. And this is also true in trading when applied to capital preservation and its growth maxim.
Thus prior to posting our today's regular Stock Trading Alert, please see this advance one as it brings a change in positions. Our yesterday's decision to go long has paid off handsomely, and due to the immediate and relatively sharp correction in the S&P 500 futures, it makes sense to close at market (that's 2430 currently) the currently open long position. As always, we'll keep you informed about the upcoming opportunities to profit.
Trading position (short-term; our opinion): no positions are justified from the risk-reward perspective.
Thank you and stay tuned.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care