1 – Looking at the EUR/USD pair, the market tried to rally during the Friday session, but failed and dropped back below the 1.12 handle. With that being the case, looks like the markets ready to continue going lower and we are put buyers heading down to the 1.11 level. Because of this, we are very bearish and we have absolutely no interest whatsoever in buying calls. In fact, even if we rally from here, it just offers better put buying opportunities in our opinion.

2 – The S&P500 (SPX) drifted little bit lower during the session on Friday, but as you can see found a bit of support and now looks ready to continue going higher. However, it may be a bit of a grind, so we are not looking for explosive moves. We believe that ultimately this market should go much, much higher.

3 – Looking at the silver (SLV) markets, we had a slightly positive session on Friday, but we continue to meander around the $16.50 level. Because of this, we believe that the market will ultimately go higher, but should continue to struggle between here and $17. If we get above $17, this is a market that should go much, much higher. Pullbacks should continue to have support all the way down to the $16 level.

4 – The GBP/USD pair had a slightly positive session as we bounced off of the 1.54 level. However, after the impulsive negative candle this bounce isn’t much to look at. Ultimately, we believe that a break down below the 1.54 level houses market selling off and therefore we would be buyers of puts. As far as rallies are concerned, we will look for resistive candles in order to serve buying puts again as we see significant resistance all the way to the 1.58 handle.