Top 7 Binary Options Trading Tips Hit List 6-10.8

 

Trading tip from the Geek – Easy to understand Binary Options Trading Advices

 

7. The European markets climb on renewed faith

 

FTSE 100

Entry = Below 5900

Call/Put = Call

Expiration = End of the Month

 

My Advice in 50 Words

 

The FTSE 100 broke through resistance last week following the important ECB meeting.  Although nothing was actually done to help spur the European economy the statements helped to renew hope and faith in the European Union.  After breaking resistance at 5750 the FTSE I expect the FTSE 100 to continue climbing to 6000.  I suggest buying calls that expire at the end of the month on while the FTSE is below 5900.

 

6. Germany Offers Tough Resistance

 

Xetra Dax

Entry = Below 7000

Call/Put = Call

Expiration = End of the month

 

My Advice in 50 Words

 

The German Xetra Dax is positioned to make a strong move up.  The index has been a pillar of the European economy for decades and can only benefit from supporting the weaker members of the union.  I am trading the index to move up, leading the European markets, and make new highs.  I am buying calls on Dax when it is below 7000 with end of the month expiration.

 

5. The Euro gains strength

 

Euro/USD

Entry = 1.2450

Call/Put = Call

Expiration= End of the month

 

My Advice in 50 Words

 

The Euro has been gaining strength relative to the dollar over the last two weeks.  Hopes of renewed fiscal support for the Euro zone have at least temporarily halted the Euro’s decline vs. the dollar.  Friday’s candle signal on the one day charts suggests a potential reversal; I am trading the Euro to close above 1.25 at the end of the month by buying calls while the Euro/Dollar trade is between 1.2350 and 1.2450.

 

4. The Dollar will buy a lot of Yen

 

USD/JPY

Entry = 78.50

Call/Put = Call

Expiration = End of the month

 

My Advice in 50 Words

 

The US Dollar has bottomed versus the Japanese yen after six months of weakness.  The dollar has found support around $78, above last year’s resistance line.  The dollar has been gathering strength and could move up as much as 2-3 yen over the next few weeks.  I am trading the dollar to gain against the yen and close 80 by the end of the month.

 

3. US Markets up on hopes

 

S&P 500

Entry = 1400-1420

Call/Put = Call

Expiration= End of the month

 

My Advice in 50 Words

 

The US equity markets are rising on the same hopes driving the European markets.  The positive jobs data is also helping to build upward pressure.  The S&P 500 has been trading just under long term resistance and could break through if the pressure gets high enough.  If the S&P does break through I expect it will move up to the 1500 level before easing off.  I will be watching the S&P for a breakthrough and close above 1400 to buy calls with end of the month expiration.

 

2. McDonald’s not so tasty anymore

 

McDonald’s

Entry = $89-$90

Call/Put = Call

Expiration = End of the Week

 

My Advice in 50 Words

 

McDonald’s will be feeling the crunch of higher food prices as the rising cost of corn squeezes margins.  The stock is already trending down due to higher inflationary pressures in China, namely higher wages.  McDonald’s is trading under resistance after gapping downward after its most recent earnings release. The stock could move down as much as another $10 before finding any support.  I am trading McDonald’s to move down from the $89-$90 level and close lower by the end of the week.

 

1. Exxon is overextended

 

Exxon Mobil

Entry = $87.50

Call/Put = Put

Expiration = End of the week

 

My Advice in 50 Words

 

Looking at the daily charts of Exxon Mobil I see a stock that is overextended.  Investors have a lot of faith in the world’s largest oil company but there is no real reason to expect significant earnings growth.  The stock is currently trading near resistance with weak momentum and poised for a correction.  I am expecting to see Exxon move down from the $87.50 level to close below $85 by the end of the week.

 

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

 

 

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