Looking at the markets, there are a lot of mid-level announcements coming out during the day for Friday, so it is possible we get a little bit of volatility. On top of that, you will have the usual end of the week position squaring, which can cause a bit of volatility as well.

One thing that we do notice is that the precious metals are starting to look a little bit softer again. With this, we believe the gold is getting ready to break down and a move below the $1080 level has us looking for the $1050 level, and should drag silver down with it. If you trade platinum as well, that should follow the same direction.

Looking at the stock markets in general, we believe that the pullback that we’ve seen in the United States recently will continue to offer buying opportunities as far as calls are concerned, and with a little bit of softness and we saw on Thursday, we believe that value is starting to become part of the market yet again. We are call buyers in general.

The US dollar strength in the little bit during the session, and the Euro fell. With this, we believe that the Euro is going to try to get back down to the 1.08 handle, so we are put buyers on a move below the 1.09 level. Ultimately though, we believe that the US dollar will continue to be the strongest currency out there, so therefore we are not too keen to go against it.