Stocks are holding up relatively well at the moment of writing the regular Alert, as the S&P 500 changes hands at around 2555. Regardless of the initial selling, it's not becoming unimaginable that the bulls would run temporarily above 2580 and cut into yesterday's trading range so as to force closing the opening gap and then some. To prevent being taken out of the short position, especially going into another uncertain and probably headline-rich weekend, we're adjusting the stop-loss levels - please see the trading position for full details.

Trading position (short-term; our opinion): short positions (100% position size) with stop-loss level at 2650 and the initial downside target at 2200.

Thank you.

Monica Kingsley
Stock Trading StrategistSunshine Profits - Effective Investments through Diligence and Care