The Daily Long and Short Setup
Jobless Claims has sent the market down nearly 1% prior to the open. For the bears it is exciting, and if I was short, I'd probably be hoping that this sell-off is the beginning of another significant downturn. But the odds are that this is merely a sell-off from the market being tired from the 10% rally we've seen so far this month. It is probably a good idea to start brushing off that Bullish Watch-List and start looking for low-risk/high-reward setups.
LONG: International Tower Hill Mines (THM)
SHORT: Lockheed Martin (LMT)