The unfolding price action confirmed the dynamics takeaway between the S&P 500 and the HYG ETF. The debt ETF continues dragging stocks higher as the selling wave dissipates, which means that our open profits are likely to get bigger before this trade is over.
The medium- and long-term outlook naturally remains bullish, and the open long position justified.
Thank you.
Monica Kingsley
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.
