See Today's Trading Opportunities Below – Watch The Video For Full Market Analysis

1 – The S&P500 (SPX) continues to show strength as we initially fell during the session on Tuesday, but only long enough to attract more buyers and form a hammer. Because of this, it looks like the market is trying to break out above the 2100 level, as it has shown a significant amount of resistance. We believe that ultimately this market will go above there, and as a result we are buyers of calls above that level as well as buyers of calls on short-term pullbacks and show signs of support.

2 – The EUR/USD pair tried to rally during most of the session on Tuesday, but continues to struggle near the 1.14 handle. Because of this, we feel that the market is more than likely going to continue to offer put buying opportunities every time it rallies, as a Euro simply has far too much in the way of negativity surrounding it. With that, we believe that the market will head back down to the 1.11 handle.

3 – Looking at the Silver (SLV) markets, we had an absolute collapse in price during the session on Tuesday, slicing through the $16.50 handle. This opens up the route to $15.50 given enough time, so we are waiting on the sidelines in order for buying opportunities to present themselves. Once we see support, we are more than willing to buy calls in this market as we think there could be a nice move higher recognize that the volatility is in fact going to keep coming into play. Ultimately though, we believe that silver will find its way back to the $18.50 handle.