September 7th: German Industrial Production sole mover of markets
During the session on Monday, there is very little to move the markets with the exception of the German Industrial Production numbers. With this, the markets will probably remain technically driven, but even with the light economic calendar, we still believe that there are trading opportunities.
Oil continues to show underlying strength
The WTI Crude market continues to show moved very little after the jobs number out of America, which shows stability. Because of this, the market looks as if it is ready to continue going higher, and we are buyers of calls on short-term dips as it shows significant strength underneath.
DAX finds support at €10,000
The DAX found plenty of support at the €10,000 level, as we bounced off of that area. With this, the market should continue to offer call buying opportunities on short-term pullbacks, as the market should then head to the €10,400 level. We have notched in buying puts at all.
S&P 500 bounces after initial selling
After the initial reaction on Friday, the market bounced just above the 1900 level, and it now appears that the market is going to continue showing bullishness, and as a result we believe that the market is offering call buying opportunities going forward. We buy short-term bounces and supportive candles be a calls.
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