Today’s Trade setups are here – One Long and One Short. Since I posted the trading plan this morning, the market reacted favorably to the jobs report, and could be looking to extend the rally from yesterday a bit further. Fine by me – greater the rally, greater the sell-off.

Don’t be surprised if this is a bull-trap this morning and we end up filling the gap rather quickly.

LONG: Arbor Realty Trust (ABR)

 

SHORT: AMeriprise Financial (AMP)

 

You Might Like

  • Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day

  • How to Trade a Bear Flag

  • Technical Analysis vs Market Conditions: How to Know What’s Affecting Your Trades