This morning’s better than expected U.S. Non-Farm Payrolls data has put risk back on the table. Although this report showed that the economy was still shedding jobs, private sector hiring was above the consensus, driving investors into equities and out of gold and Treasuries.

Global equity markets fell sharply lower overnight on renewed fears in the Euro Zone and rising tensions between North Korea and South Korea. The sell-off started early when Asian traders began liquidating equities on war concerns between the Korean nations and quickly spread to Europe and the U.S. as these two regions continued to struggle with the spreading debt issues in the Euro Zone.

The U.S. Dollar eased a bit on Monday against most major currencies as investor sentiment shifted back toward putting “risk on”. News today centered on Greece’s effort to shore up its finances by offering five-year bonds. Apparently the offering was well received by the investing public as demand exceeded 20 billion Euros. Early expectations were for demand of 3 to 5 billion Euros.

This article includes technical analysis of Garmin, Ltd (NASDAQ:GRMN) using gap analysis, chart pattern (wedge). Moreover, various option strategies are reviewed as possible methods of entering a position on Garmin, Ltd. These strategies include Long at-the-money call, long in-the-money call, synthetic stock buy and finally my favourite ratio spread.