The bullish response in stocks has been underwhelming so far, and coupled with the lack of new market-moving announcements, it’s justified to close our long position at the market and simultaneously open short positions.
Trading position (short-term; our opinion): short positions (100% position size) (opened at market, right now) with stop-loss at 2970 and initial take-profit target at 2800.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits - Effective Investments through Diligence and Care
