No, stocks aren't stabilizing and the HYG ETF is leading to the downside. That's a bearish constellation and a sign that the rebound is failing as the fears are gaining an upper hand today as well. Time to switch sides.
Please see the Trading position section for details.
Trading position (short-term; our opinion): short positions entered at market (that's 3020 currently) (100% position size) with stop-loss at 3130 and the initial downside target at 2990.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
