How To Trade Tomorrow's Nonfarm Payrolls (UUP, DE, MMM)

Tomorrow we're going to see the release of the Nonfarm Payrolls report for February, and economists are putting heavy weight on this report. At 8:30 a.m., the Bureau of Labor will give its monthly report. Economists are looking for 180,000 jobs to be added in the month of February. In January, just 36,000 jobs were added. Yesterday we saw the ADP report come in at 217,000. January's ADP report was revised up to 189,000 from 187,000 With the massive blowout in yesterday's ADP ADP jobs report, economists have ratcheted up expectations for tomorrow's nonfarm payrolls. We've seen some economists put out a 300,000 print, which is a far cry from the 180,000 estimate. Most economists are around the 180,000 print. Given the fact that December and January were such terrible months weather wise, I believe that we will see huge revisions to those two months and a strong February report. If that's the case thought, stocks could sell off as the reported is digested, as the realization of no more QE3 begins to sink in . If that's the case, we very well could see a huge rally in the dollar, and investors and traders can play that by going long PowerShares DB US Dollar Index Bullish UUP. We could see selloffs in names like Deere DE, and 3M MMM and other dollar sensitive names as well, should the jobs print be anywhere near the 300,000 some are calling for.