Seek Opportunity in Jobs Report: Pro
Stephen Weiss of Short Hills Capital revealed Thursday what he was planning do with news from the U.S. employment report.
"Tomorrow, I'm just looking for an opportunity," he said. "If the jobs number's good tomorrow, I'm going to add. If the jobs number's bad tomorrow, I'm going to add."
On CNBC's "Fast Money," Weiss said that he held long positions in the stock market and sounded a bullish tone.
The European Central Bank cut its main refinancing rate by 25 basis points to 0.5 percent.
(Read More: ECB's Draghi: Easy Monetary Stance as Long as Needed)
And not only did ECB President Mario Draghi announce a rate cut, but he also pledged to do more, Weiss noted.
"So, you just can't fight this tide of liquidity," he said.
Weiss cited improvement in housing and auto sales.
(Read More: Plenty of Fear Ahead of Big Jobs Friday)
"Those to me are the pillars of growth in the U.S., and I think that you'll continue to see the market do well," he said.
Rosecliff Capital's Mike Murphy saw Draghi's move as a strong catalyst for stocks.
"He did what was widely expected. If he didn't come through, I think we'd be having a much different discussion today," Murphy said. "He did what was needed to be done, and you're looking at the S&P right now with a magnet to 1,600. I think we go through it, and we continue to go."
Trader disclosure: On May 2, 2013, the following stocks and commodities mentioned or intended to be mentioned on CNBC's "Fast Money" were owned by the "Fast Money" traders: Steve Weiss is long AIG; Steve Weiss is long F; Steve Weiss is long QCOM; Steve Weiss is long LCC; Joe Terranova is long JUNE NAT GAS FUTURES; Joe Terranova is long JUNE MINI S&P FUTURES; Joe Terranova is long TBT; Joe Terranova is long SWN; Joe Terranova is long SPLK; Joe Terranova is long IBM; Joe Terranova is long SJM; Joe Terranova is long VRTS; Mike Murphy is long AAPL; Mike Murphy is long BAC; Mike Murphy is long INTC; Mike Murphy is long FB; Mike Murphy is long IP; Anthony Scaramucci is long AAPL; Anthony Scaramucci is long GS; Anthony Scaramucci is long INTC; Anthony Scaramucci is long YHOO.