During the day, we will get the Bank of England interest-rate announcement which could be the biggest mover of markets if something has been said about the world economy or other such things. That being the case though, we believe that this market is currently going through some adjustments, one of the most interesting ones being gold at the moment. It appears that gold is finding a bit of support at the base that was being formed, and it will be very interesting to see how gold does over the next several weeks. At this moment in time though, it does look like we may get a bit of a bounce at this point.

1 – Energy markets continue to look very soft overall, so really this point in time there’s no interest on our part in trying to purchase energy products at the moment. The markets in general are struggling due to lack of demand and of course the stronger US dollar.

2 – Stock markets look a bit susceptible to selling pressure going forward, as every time we rally the markets turned back around to fall. With that, we believe that the buyers will be very aggressive in every time one of the major indices try to rally, as there is simply far too much uncertainty in the world at the moment. With that being the case, we are very hesitant to buy anything other than puts when it comes to the S&P 500, DAX, and other major indices around the world.