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Looking at the session for Monday, the Industrial Production numbers are probably the only thing that is going to move the market as far as economic announcements are concerned, so we feel that it would be fairly quiet more than likely during the session overall.
1 – We believe that the US dollar will continue to find a bit of a bid, especially against commodity currencies. With no interest in buying commodity currencies right now and therefore we feel that the US dollar should be traded in favor of. We have no interest whatsoever in going against the value of the US dollar, with perhaps the lone exception of the Euro if we get more strength in that particular market.
2 – Stock markets should continue to be volatile, but ultimately we are bullish of the US stock markets, and the European indices. We have no interest whatsoever in buying puts in the stock markets right now, so at this point in time we are bullish of indices and equities in general.
3 – Precious metals will continue to be sold off every time they rally, so therefore we have no interest whatsoever in buying calls and look at any short-term bounce in either silver or gold as a put buying opportunity as the demand for industrial solar is almost nonexistent, and the US dollar continues to strengthen in general.
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