February 13th – Today's Trading Tips & Market Analysis

1 – With the slight rise in the EUR/USD pair on Thursday, we will be looking for put buying opportunities in this market. We believe that there is a significant amount of resistance at the 1.15 level, which of course has been the top of the recent consolidation range lately, and the fact that the number of course is a large, round, psychologically significant number. With that, we are avoiding buying calls, and simply looking to express a bearish opinion on the Euro.

2 – The FTSE continues to be very tight around the 6850 level. That being the case, the market looks as if it wants to go higher, but the reality is that the 6900 level above is massively resistive. If we can go above there, we believe that the market should then go to the 7000 level next, and then possibly much higher. Pullbacks in this general vicinity should offer call buying opportunities and as a result we believe that you should think about pullbacks from here as value.

3 – Looking at the DAX, we climbed during the session as we continue to press up against the resistance at the €11,000 level. If we can get above there, the market should go much higher, continuing the longer-term long trend. Any pullback in this general vicinity should offer a buying opportunity, and as a result we believe that the market has a bit of a floor at the €10,600 handle. With that, we have no interest in buying puts, and we believe that buying calls on the breakout or possibly pullbacks and show signs of support will be the way to go going forward.