1 – Looking at the Monday session, you can see that the S&P 500 broke higher yet again. With very little in the way of economic announcements during this session, we feel that the S&P 500 will continue to offer call buying opportunities every time it pulls back. We have absolutely no interest in shorting the US stock markets anyways, and as a result we think this just as more credence to the idea of continuing to go long.

2 – The gold markets continue to consolidate overall, and as a result the market should stay within the 1180 level on the bottom, and the 1220 level on the top. However, if we can break out of that range then it becomes a longer-term opportunity. In the meantime, we believe that a pullback towards the 1180 level should be a buying opportunity on supportive candles based upon short-term charts.

3 – The GBP/USD pair fell below the bottom of the shooting star that had formed on Friday during the session on Monday. Because of this, we believe that a market move to the downside is coming and we believe also that this market then heads down to the 1.46 handle. With that, we have no interest in buying calls, and will only buy puts on signs of either weakness, or failed rallies. We believe that the GBP/USD pair will continue the longer-term downtrend that we have seen for some time.

4 – The EUR/USD pair continues to hang about the 1.0750 handle, and as a result we think that it remains fairly tight. However, we like trading with the longer-term trend, meaning that we are looking for puts on signs of weakness and rallies that failed. Ultimately, we believe that the EUR/USD pair goes back down to the 1.06 handle given enough time.