I still have the same view as last week with buying equity and selling bonds. With last Friday's weak job report, the equity futures was sharply down in Friday's morning and Monday morning, but it's recovering from the earlier losses, which is much more bullish.

Bond futures were up sharply on Friday morning after the bad employment reports, but 30 years bond is way off the Friday's high now.  This indicates that rates will go up no matter what. So all these make today's price even more attractive compared to last week. Now it's best time to short bonds, so buy TLT May put option will be the best trades now.

As I have stated last week, it's ok to chase the equity now since it's the beginning of the uptrend in the next few months. You will never see this price anymore next three months, and possibly rest of the year. So buy equity index call options like spy, qqq May calls. Bur yelp, FB calls.
It's the same that it's the best time to short bonds now, and rates will go up very quickly in next few weeks. You will never have the opportunity to short bonds again if you stay in the sideline.

Don't stay on the side just because equity is already up more than your entry points,  now is the best opportunity to chase both equity on the upside and bonds on the downside. If you wait, you will have to buy at much higher price later. So ACT NOW, and this is the time to go double, triple you money in a few weeks!!!!!