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As the markets got the employment numbers out of America on Friday, and there are very few economic announcements of any magnitude during the session today, expect a technical session today. With that being the case, the market will more than likely just follow the technical signals, and as a result we look to the charts for our trading opportunities.

1 – We believe that the US dollar should strengthen a bit, as the Forex markets showed on Friday. This should continue to be the case, and as a result we are buyers of calls in favor of the US dollar overall. We also recognize that commodities will probably struggle that, and with that it is possible that we can serve buying puts when it comes to various commodity markets around the world.

2 – Stock markets on the other hand are somewhat reasonable at the moment, as many of them are simply in the consolidation area that they been in for some time. With that being the case, the markets still offer call buying opportunities in various indices, and with that we will look for supportive candles as well as impulsive ones to the upside when it comes to European indices. We have no interest whatsoever in buying puts against any of the major stock markets that we follow at the moment.