The Daily Long & Short Setup
Today's Trade setups are here - One Long and One Short. Since I posted the trading plan this morning, the market reacted favorably to the jobs report, and could be looking to extend the rally from yesterday a bit further. Fine by me - greater the rally, greater the sell-off.
Don't be surprised if this is a bull-trap this morning and we end up filling the gap rather quickly.
LONG: Arbor Realty Trust (ABR)
SHORT: Ameriprise Financial (AMP)