Non-farm payrolls are in, and they didn't come in as bad exactly. Stocks pared their initial losses, and are in a wait-and-see mode before today's open.

That moment isn't however marked with a moment of strength in the corporate credit markets, making it justified to tighten the stop-loss considerably in order to lock in current gains.

Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3465 and initial upside target at 3500 are justified from the risk-reward perspective.

Thank you.

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