Good morning members! This morning we have received the GDP number and the unemployment data. Unemployment came right in line with expectations. However, GDP beat expectations handily.
The U.S. marketplace reaction was fairly muted and virtually nothing happened in the equity futures pre-market. Ultimately I think there is a lot of inventory overhead and the bulls may find themselves under pressure in the first few hours of the session.
If the bears can push prices lower and break support we could see some strong selling pressure play out. Equity futures look likely to open higher. The U.S. Dollar Index futures are showing some major strength here which is putting pressure on the commodity names.
Gold and silver futures are under some selling pressure, although prices are holding up well. Oil futures have been underwater most of the evening and Treasury’s are getting slammed this morning. Let’s see what happens, but today may get interesting!
If you want to learn how to consistently make money through selling options using strategies like iron condors, credit spreads, butterfly spreads, through time decay or options trading in general be sure to join our service today and start profiting like a pro!