Good morning. The eagerly awaited jobs report comes in well below expectations and premarket futures pull back some, but are still indicating a positive open.

Like clockwork, investors are already hoping for more rate cuts from the Fed as more than 80% of Americans now believe the country is headed in the wrong direction.

Premarket gainers: MOS, OMEX, COIN, DNDN, SEED, TRA, AGU, CF, POT, BTH, REST, CRXL, SHPGY, LDK, SOLF, RTP, AZN, WSCI, COCO, ZOLL, CPL, TASR, and UBS.

Premarket losers: RVBD, LWSN, DMAN, DELL, FDO, GOLD, and JNPR.

If today's bad jobs number doesn't inspire a pullback, it will certainly go a long way to confirm the sentiment that I talked about last night that no matter what the news investors really want to believe that the bad news is already priced in, that there is little to no downside risk, and ultimately want and need to put money to work.

Let's see how we open and whether the buyers are as motivated as the premarket futures currently indicate. Remember, overhead resistance looms large at S&P 1400 and the combination of overbought conditions and earnings season ahead "should" limit the upside from here. Have a great Friday!