Go Long SNE, Short FXE

Sony is presenting a good entry point and the Euro Trust makes for a low-risk short


Go Long SNE, Short FXE

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 as 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 Corporation (NYSE: SNE)

sne11510 Go Long SNE, Short FXE

Short: CurrencyShares Euro Trust (NYSE: FXE)

fxe11510 Go Long SNE, Short FXE

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Article printed from InvestorPlace Media, http://investorplace.com/2010/11/go-long-sne-short-fxe/.

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