June 5th – Market Analysis & Trading Opportunities

1 – Looking at the EUR/USD pair, we believe that you are probably best to stay on the sidelines of the markets as the employment number comes out. After all, the Nonfarm Payroll numbers can really move the markets. However, this pullback that could be coming might very well end up being “value” in the Euro, meaning that we are willing to buy calls after pullbacks.

2 – The NASDAQ fell during the session on Thursday, testing the 4500 level. We still believe that the NASDAQ is inherently bullish, so any pullback at this point time should be thought of as value that you can take advantage of via calls. We recognize that it’s probably best to wait until after some type of pullback or at least the NFP numbers coming out, but with this we feel that this is still a one-way trade, and that’s to the upside.

3 – The WTI Crude Oil markets fell during the course of the session on Thursday for the second day in a row, and as a result it looks as if we are going to continue to consolidate overall. With that, the $56 level is the bottom of the recent consolidation area, so down near that area we would love to start buying calls on any signs of bouncing. If we break above the $63 level, we would also be buyers of calls as it would show a significant break of resistance.