Morning Ideas February 4, 2022

Good morning traders,

Buckle up, it's going to be a wild one today.

We have NFP jobs report coming out in 15 minutes and we are in a HIGH volatility environment. I would expect the market to be very noisy and travel very far today.

Please do not take big risks around the announcement at 830. It's not worth trying to interpret how the market will price in the news.

One good thing is that amazon posted good earning and is up over 10% overnight. Even with that, the market seems to be dragging. I'd give the edge to the downside here but WOULD NOT be surprised in the least to see a rip-your-face-off rally either.