August 28th: University of Michigan Consumer Sentiment numbers to move market

August 28th: University of Michigan Consumer Sentiment numbers to move market

During the session on Friday, the University of Michigan Consumer Sentiment numbers will to be the mover of markets. With this being the case, the market will probably focus on the United States in general, and of course the US dollar. With this, we feel that it will be a very US centric session.

USD/CHF powers higher

The USD/CHF pair broke above the 0.95 handle, which we feel as a sign of significant strength. We are buyers of calls on signs of strength in this marketplace, and of course pullbacks and show signs of support. We have no interest whatsoever in buying puts at this point in time, and believe that the pair will reach towards the 0.97 level given enough time.

USD/CHF powers higher

NASDAQ looks strong

The NASDAQ broke higher during the course of the session on Thursday, breaking well above the 4200 level. Because of this we are buyers of calls every time this market pulls back as it should continue to power much higher. With this, we believe that the NASDAQ will once again be a strong performer.

NASDAQ looks strong

Gold falls, looking for support

We believe the gold will have plenty of support somewhere between here and the $1110 level, so any signs of support could be a call buying opportunity. However, if we break down below that level we would start to look to buy puts as it would go with the longer-term downtrend.

Gold falls, looking for support

 

Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and 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 nor does it 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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August 27th: Continued volatility more than likely

August 27th: Continued volatility more than likely

During the session on Thursday, we have Unemployment Claims coming out of America, as well as the Preliminary GDP numbers. With this, it should continue to bring volatility into the US markets, and beyond. After all, we have seen quite a bit of wealth destruction over the last several sessions, so any negative headline will probably spend the market at this point.

USD/CHF

The USD/CHF pair has seen a bit of strength recently, but we need to get above the 0.95 level in order to serve buying calls. At that point in time, we believe that the market should then probably head to the 0.97 handle. We have no interest in buying puts at this point in time as the 0.95 level is by far the clearest signal that we have.

USD/CHF

Silver markets fall apart

Summer markets fell significantly during the course of the session on Wednesday, breaking below the $40.50 level finally. We crashed into the $14.00 level, and if we can get below there, we feel the market falls even farther. We believe that rallies at this point in time will offer put buying opportunities, as the $14.50 level should offer resistance. Either way, we have no interest in buying calls and believe that you are either going to have to buy puts, or be on the sidelines.

Silver markets fall apart

S&P 500 fails to hang onto gains

The S&P 500 rallied during the course of the session on Wednesday, but as you can see gave back quite a bit of the gains just as we did on Tuesday. With this, we think that rallies will continue to be short-term put buying opportunities, at least until we get above the 1950 level. Once above there, we would begin to serve buying calls. We’ll have any interest in buying puts at the lower levels oh, because we do think that the market is oversold in general.

S&P 500 fails to hang onto gains

 

Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and 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 nor does it 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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August 26th: The rebuilding begins?

August 26th: The rebuilding begins?

After a massive selloff in global equities and commodities during the session on Monday, Tuesday look as if the markets settled down quite a bit. With this, we believe that a lot of value is to be found, if you can hang onto the volatility. In this sense, binary options or the perfect financial instrument to trade this type of move.

EUR/USD could point the way forward

We believe that the 1.14 level in the EUR/USD pair needs to hold in order for the market to continue the upward momentum. We would be buyers of calls on a supportive candle in that area, and have absolutely no interest in buying puts at the board. Although we have had a significant sell off during the session on Tuesday, the reality is that we did break out.

EUR/USD could point the way forward

WTI Crude Oil tries to rally

The WTI Crude Oil markets tried to rally, but the $40 level offered a bit too much in the way of resistance. We are looking for short-term resistive candles in order to serve buying puts. We have no interest whatsoever in buying calls, we believe that the downtrend is far too strong.

WTI Crude Oil tries to rally

Gold markets fall

We believe that the gold markets falling during the session on Tuesday signal that we are going to continue to go lower, probably aiming for the $1120 level. Any rally at this point time is a put buying opportunity as far as we can see, and at this point time we have absolutely no interest whatsoever in buying calls.

Gold markets fall

 

Disclaimer

The material provided in this market review and the linked websites is for general informational purposes only and is not intended to be your only source of information when you are making financial decisions. This information is not investment advice nor a solicitation to buy, sell or make any type of investment decision in securities or any financial instruments offered by Optionsclick®. Optionsclick® is not a financial advisor. Opinions are the authors and 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 nor does it 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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