During the day on Thursday, we get an interest-rate decision out of the Bank of England, which of course will move the British pound and the FTSE, but we also get the Unemployment Claims number coming out of the United States which can have an effect on the US stock markets in general.

S&P 500 continues to show resiliency

The S&P 500 initially fell during the day on Wednesday, but found enough support near the 2050 level to bounce and rise all the way to higher levels. With that, we are buyers of calls every time this market pulls back as we believe we are simply trying to build up enough momentum to break out for the longer-term move.

GBP/USD looks healthy

The GBP/USD pair broke higher during the course of the day on Wednesday and even made a fresh, new high. With the interest-rate decision coming out today, if there are any signs of hawkishness coming out of the central bank, or at least not dovish this, it’s very likely that this will continue. Short-term pullbacks should continue to offer call buying opportunities.

WTI Crude Oil continues to struggle

The WTI Crude Oil market tried to rally during the session on Wednesday, but as you can see was turn right back around as the sellers continue to take control. We are buyers of puts every time this market rallies on short-term charts, and recognize that the trend is most certainly healthy to the downside.