Tip from the Geek – Top 5 Binary Options Trading Tips 6/10-17/2013 – Now on CommuniTraders!

Easy to understand Binary Options Trading Advices. Try Trading on CommuniTraders!

  Don’t forget that I have started using the Communitraders platform for all of my tips. Follow along with my progress in the forums.

 

 

Standard & Poors Upgrades U.S. Credit Outlook To Stable From Negative

 The early morning release of Standard & Poors credit upgrade for the U.S. gave futures a big lift. This upgrade, coming on the heals of the NFP report, helps solidify the recovery. It also does this without raising the question of when tapering will begin. With an immediate start to tapering off the table for a while I am expecting the S&P and the other major world markets to return to the longer term trend. For the S&P this means continuing it’s bounce from support. Futures responded very favorably to the announcement and that favor carried over into the open.

 

Japan was another big event. The Japanese released their final revision for 1st quarter GDP and surprised the market with a better than expected number. This surprise renewed faith in the Abe/Kuroda economic plan for Japan and sent the Nikkei up close to 5%. This market is displaying high volatility which makes it tricky for short term trading, however, the long term trend is still up and today’s move points to a retest of recent highs and a good signal for longer term traders. European shares began the week with uncertainty. Signs from the U.S. and Japan are good, now its time for the EU and Europe to follow suit. We will get some data from EU nations this week in the form of trade balance, CPI and PPI figures.

 

 

 

1. S&P 500 Returns To Trend

S&P 500

Call/Put = Call

Entry = Below 1650

Expiration = One Week

 

 My Trading Advice

The S&P 500 is displaying a fantastic stochastic buy signal on my daily charts. I use the standard setting so it’s easy for you all to follow along. Adding to this technical signal is confirmations in the form of a long term trend bounce and a break above the short term moving average. The 1650 level appears to be near term resistance for this week so it is the level to watch. Long term momentum is bullish so this level should not put up to much of a fight. Longer term there is risk of a top forming at this level but the index is likely to retest the recent all time intra-day highs around the 1680-85 level.

 

For now I am still bullish and trading calls on the index. My target entry for the week is below 1650 with a one week expiration. I will also be watching out for signs of topping or reversal, especially once the index trades back up to the all time highs. Near term support exists at last weeks closing price around 1643 and the short term moving average around 1630.

 

 

 

2. Dollar Gains Against The Euro

 EUR/USD

Call/Put = Put

Entry = Above 1.3190

Expiration = One Week

 

 My Trading Advice

The euro had been gaining ground against the dollar as fear of Fed tapering sapped interest in the greenback. The NFP release has changed all that. Maybe more importantly the U.S. Unemployment rate has changed that. With the data showing a strong economy, but one that is not too strong, and unemployment above the Fed’s sweet spot tapering is off the table for now. The dollar should resume its upward trend versus world currencies which means the EUR/USD will go down. I am trading puts on the EUR/USD with a target entry above 1.3190 and a one week expiration.

 

 

 

3. Gold Breaks Support

Gold

Call/Put = Put

Entry = Above 1380

Expiration = One Week

 

 My Trading Advice

Gold broke support. The same figures the help support a stronger dollar and U.S. economy also help to depress gold prices. Now that the $1390 level has been breached I think the retest of recent lows near $1326 I have been calling for is more likely than ever. I am trading puts on gold with a target entry above $1380 and a one week expiration.

 

 

 

4. Hurrah’s For Abe-nomics!

 USD/JPY

Call/Put = Call

Entry = Below 100

Expiration = One Week

 

 My Trading Advice

The Japanese reported better than expected GDP and sparked a rally driven by renewed faith in Abe-nomics. Selling and profit taking had curbed the slide in yen value created by Abe and Kuroda. At the same time there was little evidence that the loose Japanese fiscal policy was working. The GDP report laid to rest those fears for now and sent the Nikkei up 5% and the USD/JPY up by close to 2%. It looks like the long term trend is back in action. I am trading calls on the USD/JPY with a one expiry and a target entry below 100.

 

 

 

5. JPM May Be My New Favorite Stock

 JPM

Call/Put = Call

Entry = Below $54.50

Expiration = One Week

 

 My Trading Advice

Financials were leading the market, the long term rally is back and JPM looks good for a break out. JPM is also led by Jamie Dimon and has a lot of popular support. I am bullish on JPM in the near to short term and am trading calls this week. My target entry is below $54.50 with a one week expiration.

 

 

More Tips by the Geek  – 6/3-10/2013 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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