Retail Sales in the UK, Unemployment Claims in America
During the course of the session on Thursday, we have Retail Sales number coming out of the United States, and Unemployment Claims coming out of America. With this being the case, the market should continue to focus on it stocks, and of course the US dollar.
USD/CHF continues to go higher
The USD/CHF pair rose during the course of the session on Wednesday again, as we are continuing to break out to the upside. This point in time, we believe that any pullback that you see should offer call buying opportunities, as this market most certainly has made a major move recently and should continue to be very positive over the longer term.
Silver shows weakness yet again
Silver markets initially tried to rally during the day on Wednesday, but found the $14.25 level be far too resistive. Ultimately though, we ended up showing a relatively negative candle that suggests that we will break below the $14.00 level sooner or later. We continue to buy puts on short-term rallies as is market has so much bearish pressure on it.
Dow Jones 30 bullish
The Dow Jones 30 rose a bit during the course of the day on Thursday, testing the all-important 17,600 level. With this, we believe that the market continues to go higher and we are call buyers at this point. We also look at pullbacks as potential value that we could take advantage of via calls.
