Tip from the Geek – Top 5 Binary Options Trading Tips List 10/29-11/5/2012

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Frankenstorm Terrorizes The US Markets

Today, and for good reason, the American stock markets closed.  Hurrican Sandy, otherwise known as “Frankenstorm” is bearing down on the northeastern US and is expected to wreak havoc on states as far south as North Carolina and west as far as Illinois. Most of the eastern seaboard has been shut down as well in preparation for the storm.  While not yet on land the storm has already caused much damage.  Some power outages have already occurred, snow is already falling in many parts of the warning area, boats have been sunk and lives have been lost.


It is no doubt to me that this storm will have an impact on the stock markets. Today all trading in US equities and derivatives was halted and bond trading for tomorrow is already closed.  It is reasonable to expect at this point that the markets will be closed for the next 2-3 days, if not the week.  The damage expected by NY is described as “catastrophic”; they just don’t know how bad it’s going to be.  Damage from the storm surge will be enhanced by the full moon tide that occurs tonight.


Power companies are gearing up to battle the damage with crews from across the country mobilized and on the way.  The cost for this will largely be born by the power companies themselves and will surely trickle down the pipe in the form of increased fees. Other businesses, in the form of insurance companies, are also set to suffer heavy losses due to damage claims.


Not all is doom and gloom though.  Money is flowing and that is good. Some well positioned businesses are doing quite well today and this will surely help with fourth quarter earnings. Supply stores like Lowes, Home Depot, Costco and Wal-Mart are racking up. The sales for these stores is astronomical and compared to days like Black Friday and New Years Day.


With the end of the month on Wednesday I do not think it will be possible to trade anymore in October so I am looking to get set for some November trades.


 1.Stormy Seas Ahead For US Equities?

S&P 500

Call/Put = Call

Entry = below 1400

Expiration = end of the month


 My Trading Tip in 50 Words

I still believe in my previous predictions of another bull leg.  The storm will undoubtedly bring volatility to the market when it opens but this should end soon.  I believe we are very near the “earnings bottom” and any more downside, especially if there is a sharp drop following the storm, will be a time to buy. Once the storm passes and insurance money starts flowing through the system GDP will surely pick up.


 2.Black-Gold Rush


Call/Put = Call

Entry = Below $90

Expiration = end of the month


 My Trading Tip in 50 Words

Exxon has been trending up for over three years and was already looking good another leg up.  The earnings season jitters helped bring the stock down to support near $90 and post storm volatility could bring it down a little more.  I think any entry under $90 will pay off by the end of the month.


3.Insurance and Re-Insurance Set To Take Losses


Call/Put = Put

Entry = Above $93

Expiration = end of the month


 My Trading Tip in 50 Words

Allianz appears to be topping near long term resistance. Profits and growth has been slowing and now with the added pressure of paying out millions, perhaps billions in insurance claims will surely fall short of expectations. I am buying a put on Allianz if I can get in over $93.


4.Europe Will Kick The Can Again….

FTSE 100

Call/Put = Call

Entry = 5800

Expiration = end of the month


 My Trading Tip in 50 Words

The European markets were disrupted today because of the US closing. The European markets have been improving in the face of apparent break downs of reform talks. However, each time the EU and IMF reach an impasse with Greece, Spain or one of the other troubled countries they seem to get over it. The third quarter was better than everyone thought, in the US and in Europe and this should continue into the fourth quarter and the first part of next year. I believe that any weakness in the European markets should be taken as a buy signal.



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 AnyOption Binary Options Trading Platform.


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