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The Daily Long and Short Setup

Recs

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November 05, 2010 – Comments (0) | RELATED TICKERS: FXE , SNE

Futures are holding steady ahead of the employment report. I don't think the market will be as forgiving to investors today if the report misses as bad yesterday's Jobless Claims did. With your trades today, you'll want to be very nimble and patient with entries. It definitely isn't a time to suddenly get aggressive to the short-side, as the bulls have complete control of this market, and as for going long on stocks, you may want to let this market come back down to earth some after yesterday's huge rally. 

LONG: Sony Corp. (SNE)

SHORT: Currency Shares Euro Trust (FXE)

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