With GDP numbers coming out of both the United States and Great Britain, as well as Core Durable Goods numbers coming out of the United States, we could get a little bit of volatility during the day, but we are close enough to the holiday season that it’s difficult to imagine major participants in the marketplace throwing a lot of money into any position.

Silver

Silver looks as if it is trying to bounce off of the $16 level, so short-term buying may be possible. However, more than likely we will find resistance above, especially near the $16.50 level on any type of rally. That should continue to be attractive to put buyers just as a break below the bottom of the hammer from the Tuesday session would be.

DAX

The DAX appears to be cooling off a little bit, perhaps in preparation of the Christmas holiday. Because of this, a pullback is likely but quite frankly call buyers will more than likely be attracted to pull back as it represents value. Put buyers are all but nonexistent at this point.

Nikkei 225

The Nikkei pulled back a little bit during the session on Wednesday, as the market continues to grind its way to the upside. At this point, the ¥19,000 level looks to be supportive, as the market is trying to reach towards ¥20,000. Pullbacks should continue to offer value for call buyers, but it will be slow going so short-term trades are probably going to be the order of the day.