First let me start off by saying be careful not to jump on the “futures down big” bandwagon this morning when initiating short potions. Instead wait for the market to settle and stalk you entries. DO NOT chase a gap down when shorting a stock. This market could easily rally on some sort of Fiscal stimulus spin.
These trade set-ups don’t particularly relate directly with this mornings job numbers. Given their current levels I believe these stock represent good shorts and I expect further weakness.
