Daily Market Analysis Video – February 19, 2016

During the session on Friday, we get announcements out of both Canada and the United States, so it’s very likely that the day will be fairly quiet until we get to the North American time zone.

1 – Ultimately, we will follow a lot of the same trends, as we think that the market will simply have nothing to move upon until we get to America. Because of this, it’s very likely that we will see an attempt to continue the bullish pressure in the European indices during the day, and this should offer quite a bit of supportive motion in order to offer short-term call buying opportunities.

2 – At this point time, we still don’t like energy markets, and at this point in time there’s probably quite a bit of bearish pressure just above that could get put buyers involved. Ultimately, we are more than likely going to get a put buying opportunity sooner or later, and the higher this market goes, the more likely it is that the put buyers get involved.

3 – Precious metals continue to see a bit of support just below current levels, and as a result we feel that they will continue to perform fairly well. We may have to consolidate a bit, but eventually the call buyers will get involved in continue to push this market higher as central banks around the world continue to try and devalue their own currencies. Because of this, it’s very likely that the markets will continue to favor precious metals over the longer term as a store of value.