Against the backdrop of strengthening high yield corporate bonds (HYG ETF), the S&P 500 upswing has been progressing nicely throughout the day, and a local top in either seems to be very far away indeed.

Our increasingly profitable open long position remains justified as the sectoral analysis points to more gains ahead in tech and healthcare, with financials not lagging all too far behind. Especially the industrials and materials haven't said their last words, and neither has energy.

Thank you.

Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.