Short SKF

There is a significant edge in shorting SKF tomorrow - given that its 5 day RSI has climbed above 80. The buy to cover signal would come when its 5 day RSI crosses below 60.

Obviously, this trade is not without risk, especially given the fact that in time, all financial stocks are going to zero. This is a trade with an average hold period of 5 days.

Also, there is the slight uncertainty of the unemployment data tomorrow. This system is based on buying on the open; however, you might feel more comfortable waiting for an early morning or mid day reversal to get short.

Finally, if you'd like to further reduce risk (and reward), consider selling a call credit spread. In this case, you would do something like sell the March 240 calls and buy the March 250 calls.