Nobody knows the outcome of tomorrow’s report, do we rally? do we sell off? Personally, I think we are in better shape to rally tomorrow if we close in the red today. I don’t want to see any strength into the close, none.
As far as my trading this year, I have done little, not many trades to speak of. Here is how I’m positioned going into tomorrow’s number.
Long UYG, Long SRS
Long a few small caps just incase we rally further: JASO & CLNE.
To me it make sense to be long a few small names, especially the ones Obama endorses. These names could easily double in a months time, should the bulls come out to play for the first quarter.
When next week begins, I feel we will have more of a normal market. We have yet to see any volume come in and lord knows there is a lot of money waiting to pile in. If you’re getting antsy to put money to work it might be best to wait until tomorrow afternoon.
Better yet, if you wish to make a trade, call your bookie and take Florida.
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