In today's regular Stock Trading Alert, we metaphorically described stocks as a coiled spring. And in line with expectation, they're delivering with a measured one-way move higher, with the last hour's performance being a correction in the daily uptrend.

The S&P 500 daily upswing is supported by the strong showing of high yield corporate bonds (HYG ETF).

Technology is leading the charge, healthcare is trading above yesterday's closing prices, and financials are taking on their Friday's highs (i.e. they're outperforming on the upside, in reflection of the debt market upswing).

Energy, materials and industrials are trading well above their Friday's highs, in a nod to the unfolding stock upswing. It's highly likely that the index will close today above the 61.8% Fibonacci retracement.

Our profitable open long position remains justified.

Thank you.

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