Very little to move the markets

Are almost nothing to move the market as far as economic announcements are concerned, as the Existing Homes Sales out of the United States is the largest announcement that could move the market. In other words, this will be a very technically driven market during the session on Monday.

French stocks fall, find support

The Parisian index fell all the way down to the €4500 level, but bounced off of their as it found support. The CAC should continue to offer call buying opportunities as we grind our way between the €4500 level on the bottom, and the 4700 level on the top. With this, we feel that short-term call buying opportunities exist and we should see this market bounce.

Silver markets form a shooting star

The silver markets bounced during the session again during the day on Friday, but found far too much in the way resistance just below the $15.50 level to continue going higher. Because of this, we ended up forming a shooting star but the shooting star sits on top of the $15 level. It is not until we get below there that we would consider buying puts. Any type of bounce from here is a call buying opportunity on a short-term chart.

WTI Crude Oil falls during the session on Friday

The WTI Crude Oil markets fell during the session on Friday, but found enough support near the $45 level to bounce slightly. Nonetheless, we see them the $44 level below is massively supportive, and the $48 level above is massively resistive. We believe that we continue to consolidate in this general area and therefore are willing to buy calls when we pullback.