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Jobless claims are set to be released tomorrow at 8:30, for the week ending 12/11.
The consensus for first time claims is 425,000, while economists expect 4.078 million continuing claims.
The trend has been down recently in initial claims and any number around the 400,000 mark would be seen as bullish.
If you believe that the claim will come in somewhere around the 400,000 mark then putting on a bullish trade, such as going long a leveraged ETF like the Direxion Financial 3x Bull
FAS would be a wise way to make some short term gains tomorrow. A trader who believes that the November jobs report was an aberration and will be revised up severely is an example of someone who would do this.
On the other hand, if you believe that November is the start of something much worse in the economy, then buying anything dollar positive would be a boon to your portfolio. PowerShares DB US Dollar Index Bullish
UUP should do well in this scenario.
Disclosure: no positions in securities mentioned
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