Market Analysis & Trading Opportunities - July 14, 2015

The general analysis and Outlook for the session on Tuesday is that we should have quite a bit of volatility. This is mainly because we have so much in the way of economic announcements, and of course the Greeks have a parliamentary vote to decide whether or not they want to accept a deal with their creditors. It is expected to pass, but with all of the different moving parts, this could be a rather back-and-forth session.

1 – Is because of this that we believe most of the “safer” trades will probably be found in the United States. By simply staying out of Europe, you may find yourself dealing with less volatility. The S&P 500 looks particularly strong after the Monday session, so we believe that buying calls in that market will continue to pay.

2 – WTI Crude Oil markets continue to look very soft, as we broke back down below the $52 level during the session on Monday. However, we are still consolidating above the $50 handle, so we are buying short-term calls every time this market sells off a bit too much.

3 – Gold markets fell again during the session, testing the 1150 level on Monday. We believe that there is a significant amount of support below though, so really this point in time we do not want to start buying puts. We believe that a bounce will offer a put buying opportunity later on, so we are looking to short-term charts that show signs of weakness that gives us short-term put buying opportunities.