The MBI (MBIA Inc.) short trade has hit the first price target* for a quick (<1 day) profit of 6%. Consider booking partial or full profits and/or lowering stops if holding out for T2/T3, depending on your trading plan. Previous (yesterday) and updated daily charts below.
MBI daily March 16th
MBI daily March 17th
*The price levels/horizontal lines are the actual support levels where a reaction is likely upon the initial tag. My preference on short trades is to cover slightly above the actual support level, in case the buyers step in early.