1 – With very little outside the United States to move the markets, we believe that the US dollar will probably be one of the more widely traded instruments during the session, and as a result we will have to watch how the EUR/USD pair asked. After all, it is one of the more straightforward barometers of US dollar strength, and at this juncture towards the end of the session on Wednesday, the US dollar is strengthening. However, we believe that there is plenty of support near the 1.10 level, so we are simply looking for some type of support in order to serve buying calls yet again.

2 – Gold markets fell a bit during the session, but found enough support near the 1170 level to turn things back around a little bit. In our opinion, we believe that this market should continue to consolidate, and as a result we are buyers of calls for short-term trades. We don’t expect the market to go above the 1200 level though, so as a result this is a very short-term opportunity.

3 – The NASDAQ tried to break out a little bit during the session, but found the 4560 level to be a bit too resistive. Because of this, we believe the market is going to trying to pull back in order to find support below and breakout. We will let the market fall a bit and buy calls based upon value. With this, we believe that the NASDAQ will more than likely be the first stock index in the United States to break out to a fresh, new high.