Daily Market Analysis For November 26, 2015

Video Length: 00:01:43

Looking at the upcoming Thursday session, we do not anticipate a lot of action  simply because of the Thanksgiving Day holiday in the United States. However, we think that there are a couple possibilities out there for short-term traders.

1 – We believe that the US dollar continues to strengthen overall, especially against the Euro and the Pound. We think that the market will continue to favor the US dollar for the longer term as well, so having said that we have no interest whatsoever in trying to trade against it.

2 – European stocks in general look like they are fairly healthy, and as a result we are call buyers in Germany, France and the United Kingdom. The market should continue to favor European indices overall. We feel that the market will continue to go higher but there will be quite a bit of choppiness so you will have to be able to move rather quickly. We have no interest in buying puts when it comes to stocks in general, and obviously the US stock markets will be closed for the day.

3 – Commodities continue to look soft overall, and we simply are waiting for exhaustive candles or resistance in order to start buying puts yet again.