During the day on Tuesday, we get the Building Permits announcement coming out of the United States, and the Trade Balance numbers coming out of Japan. Ultimately, these aren’t major announcements, but they can have a bit of a fact. With this, we are watching the following 3 markets.

Nikkei 225

The Nikkei 225 bounced a bit at the open on Monday, and with the trade balance numbers coming out, it’s very likely that the market will be paying attention to them. If we can break above the ¥16,500 level, looks very likely that the call buyers will become encouraged and continue to try to push this market higher. On the other hand, if we pullback there should be massive support found below at the ¥16,000 level.

Gold

The gold markets rallied a bit during the course of the session on Monday, as the support continues to show itself near the $1300 level, and it now looks as if the call buyers might be encouraged, perhaps trying to push this market back towards the $1350 level. Nonetheless, expect a lot of choppy behavior in this market.

DAX

The German index bounced slightly during the course of the session on Monday, which makes quite a bit of sense as this has historically been a resistive area, and therefore there should be quite a bit of order flow in this area. With this being the case, looks as if call buyers are returning.