February 20th – Today's Trading Tips & Market Analysis

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

1 – The EUR/USD pair tried to rally during the session on Thursday, but as we have seen over the last several sessions, time this market rises above the 1.14 level the sellers step back in and push price back down. With that, we are buyers of puts every time we rally on short-term charts, and have no interest whatsoever in buying this market via calls or any other way. The Euro continues to suffer with so much indecision and uncertainty in the European Union, so quite frankly we believe that this pair should continue to fall.

2 – The S&P 500 tried to rally during the session on Thursday, but fell at the 2100 level. That level is massively resistive and is keeping the market down. The negative candle suggests that we could fall from here and head to the 2060 level. That is an area that should start bringing buyers back into the marketplace, as it is so supportive.

3 – The WTI Crude Oil markets did very little during the session on Thursday, as we continue to bang around in a consolidated area. We believe that there is resistance at the $54 level, and support down at the $48 level. With that, we believe that buying puts is going to be the only way to trade this market when it rallies. With that, we are very bearish but recognize that we need to buy puts every time it rallies, as it offers a bit of “value” in the US dollar.