Given the very short-term S&P 500 swing structure, it's likely that we would see higher stock prices later today, which would go hand in hand with the gradually improving situation in the credit markets. Thus, opening a flexibly managed long position justified.

Please see the details right below.

Trading position (short-term; futures; our opinion): long positions (100% position size) (opened at market, which is 3362 currently) with stop-loss at 3335 and initial upside target at 3400.

Thank you.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.