July 1th: ADP employment numbers

July 1th trading tips

July 1th: ADP employment numbers

More than likely, we will see a significant reaction to the ADP employment numbers as it is a precursor to the nonfarm payroll numbers that come out on Thursday. With the major holiday coming up in the United States this weekend, the truth of the matter is a lot of traders will be looking to get out of the markets quickly as summer vacation takes focus. However, keep in mind that headlines out of Greece can move the markets at any time.

Precious metals look soft but supported

One particular precious metal, silver, looks very soft but is coming up on significant support. Because of this, we need to see some type of supportive candle or a short-term bounce between the 15.50 level, and the 15.00 level in order to serve buying calls again. We do not have any interest in buying puts.

Precious metals look soft but supported

WTI continues to consolidate

The WTI Crude Oil market continues to consolidate, as we bounced off of the $58 level. We believe the market will head to the $61 level, offering a short-term call buying opportunities yet again.

WTI continues to consolidate

NASDAQ looking for support at 4400

The NASDAQ bounced slightly during the session on Tuesday, as the 4400 level offered a bit of support. This is the bottom of the recent consolidation, so we think it is only a matter time before call buyers take over again. As a result, we would be buyers of calls above the top of the range for the Tuesday candle.

NASDAQ looking for support at 4400

 

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

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June 30th: Expect a lot of volatility due to the Greek issues

June 30th trade ideas

June 30th: Expect a lot of volatility due to the Greek issues

One thing that I think you can anticipate seeing quite a bit of in the marketplace will be volatility as the Greek headlines continue to move the markets. It’s difficult to discern exactly what’s going, but the one thing that we have seen is that buyers came back in after a massive knee-jerk reaction in several markets.

EUR/USD does not look convincing to the downside

The EUR/USD pair does not exactly look like it’s ready to break down, even though we gapped much lower at the open on Monday. However, by the time the Americans took over we had already filled that gap and it now looks like the markets ready to go much higher. With that, we are call buyers every time this market dips on a short-term chart.

EUR/USD does not look convincing to the downside

NASDAQ falls hard during the session on Monday

The NASDAQ fell hard during the session on Monday, but has plenty of support just below at the 4400 level. With that, we believe that the buyers will come back into the marketplace and therefore we are looking for short-term charts that show call buying opportunities. We ultimately believe that this market continues to bounce around and will head towards the 5550 level yet again.

NASDAQ falls hard during the session on Monday

USD/JPY gapped lower on Monday

The 122 level offered enough support to keep the market somewhat afloat, but at this point in time we need to see a supportive candle between here and the 121 level in order to start buying as the Will more than likely get filled. With fact, our Outlook of this pair hasn’t exactly change, we just recognize that a lot of the fear in Greece will of course keep things very interesting. Supportive candles are bought.

USD/JPY gapped lower on Monday

 

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

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June 29th: Market should be fairly quiet, but German numbers could move Europe

June 29thtrading tips

June 29th: Market should be fairly quiet, but German numbers could move Europe

And what should be a rather fairly quiet session, we believe that technical analysis will be the way to go going forward. However, we do recognize that the German CPI numbers could in fact push the Euro and the DAX around during the session.

Gold looks flat, but offer short-term trades

Looking at the gold markets, it continues to go back and forth during the session time and time again, but it appears that the 1170 level is offering support. Because of this we are looking at short-term pullbacks as call buying opportunities. We do not want hang onto the trade for very long, we are speaking of the shortest types of trades that you have available.

Gold looks flat, but offer short-term trades

DAX remains consolidative, offering tight range

Looking at the DAX, we continue to see support just below the €11,400 level to make this a market that consolidates back and forth. The €11,600 level on the top is the resistance, so every time this market pulls back on a short-term chart we are buyers of calls. If we can get above the €11,600 level, we feel that you could buy a longer-term calls. We have no interest in buying puts.

DAX remains consolidative, offering tight range

The EUR/USD pair continues to consolidate, we see quite a bit of support below

Looking at this currency pair, the EUR/USD pair continues to find support somewhere near the 1.11 level, but quite frankly we think that there is significant support all the way down to both the 1.10 level, and then eventually the 1.09 level. There is also an uptrend line, so we are buyers of calls on short-term bounces. We are not expecting an explosive move, just simple short-term trading opportunities.

The EUR/USD pair continues to consolidate, we see quite a bit of support below

 

Disclaimer

The material provided on this market review and the linked websites is not intended to be your only source of information when you are making financial decisions. OptionsClick™ is not a financial advisor. The information provided should be treated as a guide only and it is not a substitute for independent professional advice. You should seek independent professional advice relevant to your particular circumstances.

OptionsClick™ have made every effort to ensure that the material published here is accurate.

OptionsClick™ takes no responsibility or accept no liability arising from:

  • Errors or omissions.
  • The way in which any material is interpreted.
  • Reliance upon any material.
  • The contents or reliability of any linked websites.

 

GD Star Rating
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