Little on the docket economically, we pay attention to charts

Looking at the charts in general, and the lack of major economic announcements during the session on Thursday, we believe that certain themes will play out again. There are trends that we have been following for some time, and this of course won't be any different during Thursday's trading session.

S&P 500 looks healthy above 2120

The S&P 500 looks like it's ready to continue bouncing and that the 2120 level should continue to offer support going forward. With this, the markets continue to look as if call buying opportunities will present themselves every time we pullback, and as a result we remain bullish of this market above the 2110 level, where the bottom of the daily range was found during Wednesday.

Silver looks like it's going to offer more put buying opportunities

$15 looks to be massively resistive in the silver markets, as it was once supportive. Because of this, we are looking for bounces in this market to start buying puts in, as long as we can stay below the aforementioned $50 level. We think that the market will continue to bounce between the $15 level on the top, and the $14.50 level on the bottom.

DAX falls again during the session on Wednesday

The DAX fell again during the session on Wednesday, but did find a bit of support near the €11,500 level, an area that we believe brings in more buying pressure. With this, we are looking for short-term bounces in order to give us a signal to start buying calls. We think the market is going to reach back towards to the €11,800 level, but it may take several sessions.