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Daily Market review brought to you by OptionsClick -ADP Employment Change numbers take front and center

September 2th: ADP Employment Change numbers take front and center

Looking at the session on Wednesday, we believe that without a doubt the ADP Employment Change numbers will be the biggest market moving event during the day. With this, we believe that the US stock markets will have to be paid special attention to, and oil markets as well could be the same way as the Crude Oil Inventory numbers come out.

NASDAQ could offer value

The NASDAQ could offer value as we have fallen during the session on Tuesday. It seems as if the 4150 region is offering a bit of buying pressure, and as a result it will more than likely find buyers again. With this, we are looking for supportive candles on short-term charts in order to go long via calls. We would be buyers also if we could stay above the 4200 level with an eye on 4320 as a target.

NASDAQ could offer value

USD/CHF continues to consolidate at 0.96

The USD/CHF pair fell slightly during the session on Tuesday, but continues to find support at the 0.96 level. Because of this, we feel that eventually this market will break out to the upside and on a move above the 0.97 level we would be call buyers as the market should continue to pick up momentum to the upside.

USD/CHF continues to consolidate at 0.96

WTI Crude Oil pulls back

The WTI Crude Oil market initially tried to rally during the session on Tuesday, but found the $48 level be far too resistive. With this, we fell significantly and down towards the $46 level, so we think that the market is finally getting a little bit of a pullback from the massive surge higher. With this, we are buyers of calls on supportive candles, especially if we get them on short-term charts after the Crude Oil Inventory numbers.

WTI Crude Oil pulls back

 

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Wednesday, 02 Sep, 2015 / 12:42

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Source : http://blog.optionsclick.com/

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