Let's review the charts and indicators.
The higher than expected unemployment claims illustrates that the market may be underestimating the impact.
Shares of PVH have been in a downtrend for a long time.
With people shut out of gyms and many now working out at home due to the coronavirus, the trade is to short Planet Fitness and go long Peloton.
The maker of ventilators and CPAP machines saw shares sell off in March but its technical signs still look good.
Optimism tends to drive the oversold, counter-trend bounces, while reality tends to end them.
Brace yourself. There is no telling how the algos will react to a shocking employment number.
The positives of the broker-dealer swamp any negatives for those willing to wait out the coronavirus-related volatility that has slammed its shares.
This is a big selling opportunity in the European oil majors.
Every move in the market appears to be shaking out weak holders, long and short.