The stock market is taking a positive view of the unemployment claims, and the rebound goes on after stalling earlier today. Therefore, it makes sense to ride the momentum and enter on the long side – please see the trading position for full details.
Trading position (short-term; our opinion): long positions at market (that’s 2545 currently) (100% position size) with stop-loss level at 2520 and the initial upside target at 2600.
Thank you.
Monica Kingsley
Stock & Oil Trading StrategistSunshine Profits - Effective Investments through Diligence and Care
