Daily Market Analysis Video – February 12, 2016

During the day on Friday, we get the Core Retail Sales numbers and the University of Michigan Consumer Sentiment numbers coming out of America. Because of this, the market should focus basically on the US stock markets, and perhaps the US dollar.

1 – At this moment in time, it looks like we could get a little bit of a pullback in the US dollar, but at the end of the day there still are a lot of uncertainties out there that could cause quite a bit of concern in the currency markets, which almost always leads people to purchasing the US dollar. With that being the case, we are not taking the selloff in the US dollar for longer-term trades but recognize the next session or 2 will probably favor other currencies.

2 – Ultimately, we believe that energies will continue to fall as well, but they look like they are trying to find a little bit of a bounce at this point. Ultimately, we believe that the longer-term downtrend and but the natural gas in the crude oil markets will continue, and as a result we are still buying puts all of those markets but realize we may have to wait a couple of days before we get the opportunity, unless of course we break down below the lows of the day, then we can go ahead and start buying puts then.

3 – Stock markets look like the ready to bounce a little bit during the day as well, but we think of this more or less as a short-term rally. We could buy calls on a short-term chart, but ultimately the bearish pressure will come back into play in our opinion.