Market Analysis & Trading Opportunities - June 9, 2015

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1 – Looking at the USD/JPY pair, we have had a little bit of a pullback during the session on Monday, but we believe that might be a buying opportunity as far as calls are concerned. After all, the break above the 125 handle was very significant, and we believe that it for tells the next leg higher for the longer term. We are looking for bounces all the way down to the 124 level in order to start buying calls. We have absolutely no interest in buying puts, as we believe this pair will continue to climb over the longer term.

2 – The S&P 500 continues to fall during the session on Monday, but at this point in time we think that the downward pressure is subsiding a bit. We also believe that the 2080 level will more than likely be supportive. If we break down below there though, we feel the market probably heads to the 2060 level next. A move above 2100 is extraordinarily bullish in our opinion, and has us buying calls. Regardless what happens next, you can count on volatility.

3 – The EUR/USD pair rose during the session on Monday, breaking back above the 1.12 level. We believe that this market will try to get to the 1.14 level given enough time, but believe that waiting for short-term pullbacks to buy calls will probably be the best way going forward. You have to think of the Euro as going “on sale“ every time it pulls back. At this moment in time, we don’t have any interest in buying puts, but that of course can change rapidly as there are a lot of moving parts to the value of the Euro right now.