Market Analysis & Trading Opportunities - August 13, 205

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The markets during the session on Thursday will have Retail Sales numbers coming out of the United States, as well as Unemployment Claims. Because of this, it might be a bit of a US centric type of situation during the day, but at the end of the day we believe that there are several possible trading opportunities coming.

1 – US stock markets are getting fairly close to rather supportive areas, with our focus being on the 2050 level in the S&P 500. If we can get some type of supportive candle in any of the stock market indices in the United States, we are going to serve buying calls in US indices as well as stocks.

2 – Precious metals look like they are going to rally a bit, but at the end of the day they are all in very negative trends. Because of this, we are looking to buy puts on resistive candles above, but recognize that short-term charts may offer call buying opportunities for the next several sessions.

3 – The EUR/USD pair shows significant dollar weakness, but at the end of the day we will be watching that currency pair to see if we break above the 1.12 level. If we do we feel that the US dollar will show weakness overall, but if we get some type of resistive candle in the marketplace, not only would we be buying puts in that pair, but we would be looking to buy calls in favor the US dollar around the markets.