During the day on Friday, we get PMI numbers coming out of France, Germany, in the European Union. With this being the case, the market will more than likely focus on that part of the world, but that’s not to say that there will be trading opportunities elsewhere. Below are 3 assets that we are looking at.

S&P 500

The S&P 500 seems very quiet during the session on Thursday, and having said that it’s very likely that we could get a little bit of a pullback. Then pullback should attract buyers of calls though, as they have done for several months now. With that being the case, it looks as if we will eventually go higher, the question then becomes when will it happen?

Silver spikes, then falls

Silver markets went absolutely haywire during the session, breaking above the $17.50 level at one point, only to turn right back around and fall back to earth. With this, it’s likely that a lot of stop orders have been taken out to the upside, but you are more than likely going to have to trade this market from the short-term charts. By doing so though, you could take advantage of call buying opportunities as we feel the market will probably continue to see buyers given enough time. At this point though, a pullback is certainly not out of the question.

British pound falls

The British pound initially rallied during the day on Thursday, but turned right back around to form a rather unimpressive looking candle. With this being the case, it’s fair to say that we are still well within the consolidation area, and could very well fall to the bottom of it again. A break down below the bottom of the range is technically a put buying signal.