PMI numbers from around the world

Looking at the economic calendar for the session on Monday, we have PMI numbers coming out of Canada, the United States, Germany, France, the United Kingdom, and whole bunch of other European countries. With that being the case, the market will be very heavily focused on stock markets in general.

CAC ready to go higher?

The Parisian index went back and forth during the course of the session on Friday, showing almost nothing in the way of momentum. However, there is a significant amount of support below, and as a result we will bounce a bit, as we head to the 5000 level.

S&P 500 tries to rally during the day on Friday

The S&P 500 tried to rally during the session on Friday, but failed at the 2100 level. However, the market looks as if it has a lot of support below there, and as a result we are looking for pullbacks that should signs of support or bouncing in order to buy calls. We have no interest in buying puts.

Silver continues to look soft

The silver markets tried to rally again on Friday, but fell backwards and looks ready to drift a little lower. The market is well-supported at various levels, such as the $15 level. This market is one we still like buying via calls, but we don’t have the right candlestick formation. Once we get a candle worth buying on support – we are going long via calls.