Pick of the Day: None

Tomorrow we have the US Non-Farm Payroll report coming out. I usually do give a pick for that trade with a strong warning against trading that report…now I’m just not going to trade it. The market right after that report moves way too fast to get any kind of acceptable execution, even with entry orders. So, I will stay out and wait until after the report to see what the number is and what the market does – if a strong trend forms or if it whipsaws and goes back into range mode. I suggest to be safe, and do the same.