In line with expectations, high yield corporate debt (HYG ETF) continues leading stocks higher. The advance is broad-based - apart from the S&P 500 heavyweights, the stealth bull market trio (energy, materials and industrials) are all solidly up on the day.

Our open long position remains justified, and stocks are slowly but surely approaching the 61.8% Fibonacci retracement again, and we are not looking to exit the profitable position on their increasingly likely upcoming rendezvous with this resistance level just yet.

Thank you and have a nice weekend.

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