Market Analysis & Trading Opportunities - June 17, 2015

Video Length: 00:01:55

Looking at the upcoming Thursday session, without a doubt we believe that most of the market will be focused on the United States as the Core CPI numbers and Unemployment Claims numbers will come out. With this, we should continue to see quite a bit of interest in the stock markets and the US dollar itself.

1 – Looking at the EUR/USD pair, we continue to bounce around in the same area as the market seems to have a bit of support at the 1.11 level below, and the market seems to have a significant amount of resistance of the 1.14 handle. If we can ever break above the 1.15 level, we feel that the market should continue to go much higher, offering more of a “buy-and-hold” type of mentality.

2 – The S&P 500 continues to find plenty of support near the 2080 handle, and as a result we continue to buy calls when the market dipped lower. With that, we believe that the market should continue to grind its way higher, finding plenty of interest in owning calls.

3 – Silver markets have done very little over the last several sessions, but do seem to be attracted to $16 overall. With that, we buy puts once we get to about $16.20, and we buy calls near $15.80. We do believe that silver eventually goes higher, but we also recognize that it could take a significant amount of time, to finally build up enough momentum to get a significant move. With that, we remain bullish but understand that in the meantime we have to trade back and forth.