February 25th – Today's Trading Tips & Market Analysis

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

The markets won’t be looking for much today as far as economic announcements beyond the Janet Yellen testimony in front of Congress. Because this isn’t something that can be quantified easily, we are simply going to look to the technical charts in order to leave the way during the day.

1 – The EUR/USD pair looks set to go a little bit higher, but ultimately we believe find puts on the first signs of weakness will be the way to go. After all, we continue to stagnate back and forth, and although the range is fairly small, there is a relatively well-defined range. In times like this, it’s best to play “small ball”, aiming for small gains over and over as opposed to some type of massive move.

2 – Looking at the Silver (SLV) markets, it appears that we are trying to form a little bit of a base down at the $16 handle. We see support all the way down to $15.50, so this point time we are looking for a nice supportive candle were break out above the $16.50 level in order to serve buying calls again in the silver market. At this low level, we have absolutely no interest in buying puts.

3 – The S&P500 (SPX) breaks out during the session on Tuesday and it now appears that we can serve buying calls over and over. Pullbacks offer value, and the 2100 level should be an area where significant support is now found. We have no interest in buying puts, as this market looks very bullish of this point in time. Any hints of added liquidity out of Janet Yellen should send the S&P 500 much higher, as it would be indicative of more Federal Reserve support. On the other hand, if she starts talking about a strengthening US economy, that’s a good sign for the S&P 500 as well.