February 4, 2022

Markets:

Stock futures were mixed in early morning trading Friday as investors digested a slew of corporate earnings reports and as the market awaited an important snapshot of the jobs picture.

Several technology stocks posted huge after-hours gains following strong quarterly results. Amazon jumped 12.4%, Pinterest surged more than 13% and Snap rocketed up around 46% the day after reporting earnings.

Investors were awaiting the January nonfarm payrolls report, which is expected to show a gain of 150,000, according to a Dow Jones estimate. However, some on Wall Street are bracing for a disappointing report, with one forecast calling for a loss of 400,000.

Meanwhile, U.S. oil prices topped $90 per barrel for the first time since 2014, heightening inflation concerns.

Portfolio:

We enter the new trading session holding positions in NIO, FUBO, PLTR, MRO, and hold itrm until they release their latest study results – this is a our lotto play.  We absolutely love the price activity that took place after hours yesterday and cannot wait to see the reaction today after the job's report.  As we've been stating; the best is yet to come as this week would be sure to create beautiful trend lines to trade.  Now we proceed.  Be ready today and let's end the week strong and begin to position ourselves for next week.  Let’s have a great session.