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During the session on Tuesday, there are a few announcements that could move the market, but in general we look to the technicals to decide which way to go. We have announcements coming out of Australia, Europe, and the United States so there could be plenty of headline surprises, but at the end of the day we believe that follow-through should present itself.

1 – With that being said, we believe that the stock markets should continue to find buyers, and pullbacks should offer call buying opportunities in general. We find this to be true in both Europe and the United States, as the brutal selloff that we have seen recently seems to be coming to an end.

2 – Precious metals sold off a little bit during the session on Monday, but quite frankly we feel that there is enough support just below to keep the markets going higher. Because of this we are looking for short-term supportive candles and we can buy calls off of. We are not looking for massive moves higher, just simple volatility pushing the market back and forth.

3 – We feel that the US dollar will be somewhat mixed, but we still believe that in general it should be one of the stronger currencies out there. We especially like the US dollar over commodity currencies such as the Australian dollar, New Zealand dollar, and of course the Canadian dollar.