March 13th – Today's Trading Tips & Market Analysis

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During the Friday session, we see almost nothing that can move the markets as far as economic announcements are concerned. The PPI numbers out of the United States may move the stock markets in America, but beyond that, we do not anticipate much in the way of fireworks.

The S&P 500 (SPY) it did break out to the upside on Thursday, and by breaking the top of the shooting star from the Wednesday session, it does of course suggests that the market is going to become very bullish. We believe that buying calls at this point is about the only thing you can do in this marketplace as it is most certainly looking stronger and looks ready to continue the uptrend that we have seen for some time.

If we can get a bounce from the reason that we are in currently as far as the silver markets are concerned, we would become bullish and start buying calls. However, we feel that the market probably continues to meander around this area between the 15.00 level and the 15.50 handle. Ultimately though, sooner or later, it appears that we will have buyers step back into this marketplace as far as we can tell.

The DAX pull back slightly during the session on Thursday, but quite frankly we see enough support at the €11,600 level to think that sooner or later the buyers are going to come back into this market. We have no interest whatsoever in buying puts, as we believe the DAX will continue to be one of the better performers in the European Union with the weaker than historically normal Euro.

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