The bullish gap at the open is history, and S&P 500 is tilting over. The downside move is led by technology (XLK ETF) and especially healthcare (XLV ETF). Financials (XLF ETF) and both consumer discretionaries (XLY ETF) and staples (XLP ETF) are holding up better, but it's the debt market analysis that points to short-term headwinds - high yield corporate debt isn't willing to build on yesterday's gains while short-term Treasuries opened up higher. The balance of very short-term risks appears to be shifting, and closing our currently open and profitable long position is justified.

Stay tuned for upcoming opportunities - the market will deal us plenty thereof.

Trading position (short-term; our opinion): No positions are justified from the risk to reward point of view..

Thank you.

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