Market Analysis & Trading Opportunities - July 6, 2015

Video Length: 00:02:02

1 – Overall, we think the markets will be dominated by whatever headlines come out of Greece. At the end of the day though, it appears of the Euro is starting to find a little bit of footing below, and with this we believe that eventually this market will continue to go higher. As long as we can stay above the 1.10 level, we are call buyers in the EUR/USD pair as we think the so-called “smart money” is starting to purchase euros based upon value.

2 – The FTSE looks like it is slipping a little bit but we think that there is plenty of support somewhere near the 6500 level. On any type of bounce from that area, or a supportive candle, we would be buyers of calls as we believe the FTSE has been a bit oversold recently.

3 – Silver markets look like they are ready to sit right above the $15.50 level, so we think that a short-term call buying opportunity may present itself. This is almost mirrored completely in the gold markets as the 1170 level been broken to the upside should send that market towards the 1190 handle. Overall, we think precious metals will continue to be tough trading, but ultimately it looks like they are starting to get a bit cheap by someone’s valuations.

4 – We believe that the stock markets overall still offer value, but if we get rocky headlines out of the EU or Greece, start looking for supportive candles late in the day as an overreaction is almost guaranteed.

Disclosure: None.

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