Daily Market Analysis – March 1, 2016

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During the session on Tuesday, we have a lot of announcements coming out of the European Union involving employment, as well as GDP out of Australia and PMI numbers coming out of the United States. With that, we believe that a lot of the stock indices around the world will take center stage.

1 – Ultimately, it does look like stock markets are getting ready to go higher, so having said that we feel that the markets are offering call buying opportunities but they will in general be fairly short-term. With that, it’s probably going to be best suited for ultra-short-term type of options.

2 – Precious metal still remains a favorite of ours, and we are buyers of calls every time that they dip. This is especially true in gold, as it is without a doubt one of the strongest uptrend is that we see at the moment. Because of this, we believe that calls are living you can buy in gold and silver, but we do prefer the yellow metal over the white.

3 – Pay attention to energy, because every time it rallies it should offer a put buying opportunity on signs of exhaustion. Ultimately, this is a situation where you can make quite a bit of money going against the value of crude oil, as it seems like it so we cannot get out of its own way over the longer term. Natural gas is much the same, so really this point in time anything involving energy is something that you want to go against given the opportunity.