Canadian announcements

During the session on Friday, there are various Canadian announcements, and as far as we are concerned we believe that this market will be fairly quiet. However, there should be a couple of short-term trades available during the day today.

Canadian dollar continues to get pummeled the

At this point in time, it’s very simply a bullish market when it comes to the USD/CAD pair. After all, we are rapidly approaching the 1.40 level, so at any pullback, we are thinking about buying calls. This is a market that should continue to see strength due to the fact that the oil markets are very soft indeed.

Silver markets fall again

During the day on Thursday, silver markets completely wiped out the gains that we had seen during the Wednesday session. That being the case, the market looks as if it is ready to break down again, and a move down below the $13.60 level will send this market down to the $13 handle. Any rally at this point in time should be a put buying opportunity as well, as we see far too much in the way of bearish pressure above.

NASDAQ 100 pulls back

The NASDAQ 100 initially tried to rally during the course of the session on Wednesday, but turned back around in order to form a fairly negative candle. However, we see quite a bit of supportive pressure below, especially near the 4500 level. Any supportive candle below should be a call buying opportunity, as the overall trend is most certainly strong.