For the reasons discussed in today’s regular Stock Trading Alert (to be published relatively shortly), we’ve decided to go short. It’s a big-picture trade if you will, which means that the trade parameters are relatively distant price points. Remember that you can adjust your own position sizing so that the risk per trade meets your very personal preferences. We’ll manage the open position flexibly and in line with the incoming signals supporting/refuting the projections – please see the trading positions section for details.

Trading position (short-term; our opinion): short positions at market (that’s 2720 currently) with stop-loss at 3050 and the initial downside target at 2200 are justified from the risk/reward perspective.

Thank you.

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