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During the session on Tuesday, there are a handful of announcements they can move the marketplace. With that being the case we believe that there should be several trading opportunities around the world. The unemployment numbers coming out of the European Union, the GDP numbers coming out of Australia, and several others will highlight the volatility.

1 – We still believe in the US dollar but recognize that a bit of a pullback could be coming. Because of that we are looking to buy calls or puts in favor of the US dollar when value presents itself. Ultimately, we believe that the US dollar should continue to strengthen over the next several sessions.

2 – With the strength of the US dollar, we believe that precious metals will continue to soften. A rally in either the gold or the silver market offers a put buying opportunity, as we should continue to see quite a bit of volatility overall, but the strength of the US so it will continue to work against metals and commodities in general.

3 – European indices should continue to go higher, and we prefer the DAX overall of the other ones. However, we believe that any pullback in the major European indices should be a call buying opportunity as they all should move in tandem. We have no interest in buying puts, and recognize that stock markets overall should do fairly well, with a special emphasis on Europe because of the softening Euro which boosts exports.