The S&P 500 shows little signs of relenting in today's regular session, and both HYG and HYG:SHY are holding up ground relatively well. Even smallcaps are seeing a better day.

The test of the bullish resolve might come in the overnight session, so let's have the waiting entry order ready to take advantage of the constructive session in stocks so far (entering at market would take away from the risk-reward ratio perspective) - please see the Trading position section for details.

Trading position (short-term; futures; our opinion): long positions (entered via buy limit order at 3276) with stop-loss at 3249 and initial upside target at 3300.

Thank you.

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