Tip from the Geek 02/09 – 16/2015: Really? Greece, Again?

Top 5 Weekly Binary Options Trading Signals by the Geek

I have to say that if wasn’t completely over the Greek bail-out EU thing before I am now. No disrespect to either party but come on, get with the program and get this thing fixed I tired of these headlines killing my trades. It’s an issue and a worry but in then end only a very small part of the global economy, and a very weak one that doesn’t produce much so what the deal? Global trends are not bad, they aren’t awesome but there are signs the world is at least stable with strength in the US leading everybody higher. If you doubt this only look to last weeks labor data. Employment claims, lay-off’s, private sector jobs, public sector jobs, unemployment rate and labor participation rates all show underlying strength in labor, the consumer and the economy.

 

This week look to the EU for near term headlines; to earnings and economic data for long term trends. There is not a lot of US data due out this week but that does not mean it won’t be market moving. On the labor front the JOLT’s job opening data and Kansas City Fed Index of Labor Market Conditions are released Wednesday with jobless claims on Thursday. Wholesale and business inventories are also released, Wednesday and Thursday respectively. Import/export prices and Michigan Sentiment round out the list. On the earnings front this is one of the heaviest weeks of earnings and brings us well over 750 individual reports.

 

 

 

1. Buy The Dips To Gain The Pips

S&P 500

Call/Put = Call

Entry = Below 2,045

Expiry = One Week

 

My Trading Advice

Well, the Greeks have done it again, they have provided another entry point for bullish traders of global indices. The new is tough, the problem is deep, the solution unclear but is a small problem globally and one that is incredibly disassociated from the US market. The data, the US data is good, and the EU data is stable-ish and Asia is Asia so what’s not to like about the US market? There is no sign of reversal in US trends, US economics or US earnings. In fact, quite the contrary. The labor market is strong, the consumer is getting stronger and those to things are boosting equities.

 

The SPX is a long term uptrend driven by steadily improving US economic recovery. The index has recently bounced off the long term trend line and is now fighting with resistance. This resistance is relatively near term in nature as it has built up since the first of the year, and is based on near term fears and not long term perspective. The indicators are also in line with the trend so I am even more convinced this pull back is a chance to go long. I am trading a call on the index with a target entry below 2,045 and one week until expiry.

 

 

 

2. OPEC Is At It Again

USO/Oil ETF

Call/Put = Call

Entry = Below $19.50

Expiration = One Week

 

My Trading Advice

OPEC is at again, talking up the market, causing volatility with only the swipe of a pen. Today the oil producing cartel said that supplies are still sky high with no signs of abating, but it also upped its forecast for 2015 demand stating that US production was slowing faster than expected. The news helped to send WTI and Brent higher and are adding bullish momentum to the oil bounce. I am trading a call on the USO this week, with a one week expiry, and a target entry below $19.50.

 

 

 

3. It’s About Time

USD/JPY

Call/Put = Call

Entry = Below 118.75

Expiry = One Week

 

My Trading Advice

One thing I have noticed about currency/forex trading is that the moves that I look for are usually wide apart. And centered on central bank meetings, economic data and the conjunction of the two. Sometimes it is easy to pinpoint when and where one will begin to move, and sometimes the pair will fake you out several times. The USD/JPY is one that fits this bill perfectly and now, after several months consolidating around 117.50, and a three week congestion band at the same level, the pair is moving higher again. The pair made a surge above the short term moving average last week and is now indicated higher. I am trading a call on the pair with a target entry below 118.75 and one week until expiry.

 

 

 

4. Goldilocks Situation?

Gold

Call/Put = Call

Entry = Below $1235

Expiry = One Week

 

My Trading Advice

Gold is set up for a great entry. The price fell last week on stronger dollar values but in light of interest rates expectations is a buying opportunity. The data that sent the dollar up is also tightening the time frame for an interest rate hike and raising the chances it will happen much sooner than expected. I am trading a call on gold this week with an entry below $1,235 and one week until expiry.

 

 

 

5. To Grexit Or Not

EUR/USD

Call/Put = Put

Entry = Above 1.325

Expiration = One week

 

My Trading Advice

Strong dollar, ECB policy and the Greek Affair are all weighing on the Euro. The EUR/USd is now falling from resistance with indicators in line with the overall downward trend. I don’t know if the pair will ever reach parity, it doesn’t really matter today, but it looks sure to fall in the coming week. I am trading a put on the pair with one week of expiry and a target entry above 1.1325.

 

 

More Tips by the Geek – 02/09 – 16/2015 Trading Tips On Forum.

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That’s it for this week; Michael will be here next week with fresh trading tips. Meanwhile, we will be testing Michael’s tips to see what kind of an “expert” he really is. All trading assets and expiry times featured in Michael’s trading tips are based on CommuniTraders Binary Options Trading Platform.

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