Daily Market Analysis – 3/4/2016

Video length: 00:01:40

During the day on Friday, we have the employment numbers coming out of the United States, which of course is one of the biggest announcement we get all month. Ultimately, we believe that the market will continue to favor the United States, especially if we have a decent number coming out of the BLS.

1 – Ultimately, this is a market that should continue to favor the US stock markets, the US dollar, and of course precious metals as they have done so well lately. Energy markets will more than likely face a bit of an uphill battle although the oil markets have done fairly well recently. Ultimately though, the supply is going to be far too strong for the WTI Creek Oil market to continue going higher, and the natural gas markets are in absolute disaster at this point in time.

2 – European indices look like they are trying to build up enough momentum to go higher but quite frankly they may need to pull back in order to build up enough buying pressure to continue going higher from here. We have no interest in shorting stocks at the moment, and believe that in general indices should be showing value if we pullback after the jobs number today. This being the case, we actually believe that a poor showing out of the employment market might be able to give us plenty of buying opportunities as the markets will offer quite a bit of trading opportunities due to any type of headline shock. Ultimately, these markets seem to have made up their mind as to where they are going, so longer-term trading will dictate that people are looking for value.