The ADP report seems to be good. 20k job losses, though January job losses was revised to 60k from 22k.
The expected job cuts decreased sharply to its lowest level.
The job market is recovering, albeit at a slow pace.
Buy Cyclical stocks as evidence is showing that the economy is recovering. These stocks outperform when the economy is recovering.
Buy Financial stocks too.
Watch for pull backs for Tech stocks and consider going long on them too.
Stocks to watch:
Alcoa Inc $AA
Bank Of America Corp $BAC
Micron Technology $MU
Wells Fargo $WFC
JPMorgan $JPM
And recently, Disney is also included in my portfolio for a short trade. $DIS is bullish right now.
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