With the market in a correction, now is not the time to buy new positions. And the new employment numbers that came in on Good Friday made next week even more interesting.
Take a look at the above graphic. With the markets closed for Good Friday, traders get the entire weekend to stew.
Hopefully, the markets will recover by Monday. Unfortunately, there isn’t much you can do at this point. All you can do on Monday is try to minimize the damage. If you have a profit, consider taking it. If you have a loss, cut it ASAP.
A correcting market is not the place to buy and hold. When conditions do improve, you can always buy back into your “favorite” investment.