Nasdaq future down 2% after Amazon: nothing to open before the cash session

Overnight tone is risk-off. Amazon missed on revenue and earnings after the bell and the Nasdaq 100 future trades at 28964 at 06:25 UTC, 2.0% below yesterday's 29562; the S&P 500 future is down 0.9% at 7681 and the Dow future only 0.1% at 52453. VIX closed at 17.2, up 1.7%, well inside the 25 limit. Applying the futures' moves to yesterday's cash closes: Nasdaq 100 estimated at 28808 against a 20-day average of 30054, 2.41 ATR14 below it, which is too stretched to chase; S&P 500 at 7648 versus 7737, 1.26 ATR14 below and inside the band on the short side; Dow at 52284 versus 51966, 0.64 ATR14 above and inside the band on the long side, but against the tape. None of this becomes an idea at this hour: the morning review never opens positions because the pre-market is too thin to price a stop. Stocks are evaluated only in the evening; today 9 of 12 are out anyway, 8 beyond 1.5 ATR14 (LLY after a 6.6% jump, CAT after a 9.3% drop among them), MSFT flat on its average, XOM reporting this morning and Apple within three sessions. Today's data: employment cost index at 12:30 UTC and Chicago PMI at 13:45 UTC, neither on the blackout list. Yesterday's Nasdaq short was closed flat before Amazon, as planned; post-mortem written, no open positions. No screening alert in the system today.