Market Analysis & Trading Opportunities - July 8th, 2015

Video length: 00:02:00

Overall, the biggest thing you will have to worry about trading is going to be headlines coming out of Greece. With that being the case, the market looks as if it will continue to be very volatile overall, and with the EUR/USD pair being the epicenter, that is probably a market that you will want to avoid overall. Having said that though, we do believe that there is more of an upside bias over the longer term.

Looking at the stock markets, you will have to be able to trade from the longer-term perspective in order to make any real money. This is because headlines continue to move markets around, and as a result it’s probably only a matter of time before you get a wicked pullback. However, we do believe that in general stock markets want to go higher, it’s just that there will be intense amounts of volatility. Unless you have the option of trading longer-term, it’s probably best to step on the sidelines.

Oil markets are all but broken, and the WTI Crude Oil market looks absolutely horrible. It’s all but assured that we are going to head down to the $50 level now, and as a result we buy puts on rallies. However, at this point in time it looks like we could even break down below there. All things being equal though, you have to think that the $50 level will be supportive based upon the fact that it is a large, round, psychologically significant number.