During the course of the session on Tuesday, we get several announcements that could move the markets, including employment numbers out of Europe, the Core Retail Sales numbers coming out of the United States, as well as the PPI number and Empire Manufacturing Index number.

Nasdaq 100 breaking out

The Nasdaq 100 broke out during the course of the session on Monday, breaking above the resistance barrier at the 4350 handle. It’s simple at this point in time, if we continue higher and break above the top of the range for the day, we are buyers of calls.

WTI rolling over?

The WTI Could Oil market found $30 to be a bit too resistive, and we fell during the day. Because of this, looks as if we are going to try to reach the $36 handle. If we can break down below there, we feel the market then reaches towards the $34 level. We are put buyers at the moment as it looks like the oil markets are starting to struggle again.

EUR/JPY struggling

The EUR/JPY market fell during the course of the session on Monday, testing the 127 level. That area is the beginning of resistance though, so the fact that we fell a bit on Monday is in a huge surprise. It looks as if we are probably going to have to pullback in order to find momentum to the upside. We are buyers of puts on a break below the 126 handle, and believe the market will try to reach the 125 handle next.