I'm getting ready for the easiest trade. It is 4:40 EST and NAS futures are up. 14580. The gap up is given. Why? There are 3 scenarios:
1. Report is disappointing -- The street interprets that as No Inflation, which means good news for indexes.
2. Report is as expected -- The street interprets that as "not too hot, not too cold" goldilocks, which means good news for indexes.
3. Report is higher than expected -- The street interprets that as "The economy is great" , which means good news for indexes.
The beauty of this trade is I need no stops and no worries. Argue your case gentlemen. Can you?
Long NQ futures at 14580.