Nonfarm payrolls for January came in at 143K versus 175K expected, though average hourly earnings were +0.5% versus estimates of +0.3%. This was on top of a disappointing outlook for AMZN, currently off almost 3% in the after hours.

continued for members…

VIX continues to keep equities in line by threatening to break down below its SMA200. VIX futures are hanging on to their SMA200……while the cash index has clearly broken down.

I think the market is starting to focus on next Wednesday’s release of Jan CPI.

GLTA