It's a stock pickers market at this moment and at least a tight allocation strategy is also in order.
For my main trading account (not the Leap-forward Capital), I'm mostly positioned in the agri/chemical stocks as well as gold and mining stocks.
As I have mentioned in wallstreak yesterday, I started to scale out of these positions as it felt like these sectors were overcrowded already and the report this morning could annihilate these 'safe' haven stocks.
Going forward for the next few weeks, I believe that my best strategy is to hold my remaining positions in agri and gold stocks as well as the inverse etfs (SRS SKF) in my porfolio. I will also keep what's left of my oil stocks after the carnage today.
Basically, hold the sectors that could do well during recession and short (buy inverse etf) of sectors that can get bloody during economic slowdown.