During the session on Wednesday, we have the FOMC Statement coming out, as well as the Federal Bones Rate out of America. This of course will move the markets drastically as we wait to see whether or not the Federal Reserve suggests when the next rate hike is coming. While most people recognize that we will have at least one rate hike between now and the end of the year, it still should cause quite a bit of volatility. On top of that, we have the Crude Will Inventories numbers coming out of America as well, and that of course can move the crude oil markets.

1 – The US stock markets have been falling lately, but quite frankly we feel that the US stock markets are probably going to be the most reliable over the long-term. We believe that a little bit more of a pullback is probably coming, but sooner or later, perhaps after the FOMC Statement, we may have buyers stepping back into the marketplace.

2 – Energy sectors continue to struggle, and although they did get a little bit of a reprieve during the Tuesday session. Nonetheless, we believe that crude oil and natural gas are both markets that we should be buying puts in on short-term rallies. We believe is opportunities will show themselves over the next session or two.

3 – European indices will continue to struggle as well, but quite frankly we have to wonder whether or not people are starting to see “value” in Europe. After all, the DAX bounced off of the €11,000 level, signaling that there are buyers out there. If we can break the top of the range for the session on Tuesday in the DAX, we are going to serve buying calls in most European indices.