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  1. #1
    Administrator Martin Kay's Avatar

    Hot Tip from the Geek – SP500, DAX, Gold 12/23-30/2013 !!!

    The new Top Five Tips of the Week from Michael are here.

    Check them out and find which are the best binary trading ideas for this week. Test them on CommuniTraders Binary Trading Platform!

    Originaly posted by Michael Hodges.



    Santa Rally On The S&P 500


    S&P 500
    Call/Put = Call
    Entry = Below 1825
    Expiration = One Month



    The S&P hit another record high at the open of the week. Elevated volume over the past few days as well as other aspects of the technical picture lead me to believe it will continue to hit new highs over the near to short term at least. The FOMC announcement of the taper last week coincided with a strong bounce from the short term 30 day EMA, a sign of strongly bullish sentiment in the market. The taper has been long awaited and was obviously priced into the market long ago. The long term and short term analysis are both bullish. The long term charts show an index in an uptrend and moving up from long term support with bullish indicators. The short term charts show the same, an index in an uptrend with bullish indicators.


    There are some hurdles moving forward into next year. The start of Obamacare may have a debilitating affect on the U.S. economy. As families shift from spending their money on consumer goods to health insurance it could have a big impact on spending. However, until then the trend remains up and I am bullish going into the first of the year. I am trading calls on the S&P with a target entry below 1825 and one month until expiry. This should give the index time to move through the holiday season, get into the new year and expire before any data based on 2014 information gets released.



    I am still partial to Deutschland

    DAX
    Call/Put = Call
    Entry = Below 9450
    Expiration = One Month


    I am still partial to Germany when it comes to trading EU indices. This is not just because I lived in Germany as a kid and consider it my second country. Germany is the strongest country in the EU and the one best positioned to benefit from the stabilizing and growing world economy. European data, Germany in particular, is still showing growth and should continue to improve into the new year. I am trading calls on the DAX with one month of expiry for the same reasons mentioned for my S&P trade. I am targeting entry below 9450.



    Gold Sinking Fast

    Gold
    Call/Put = Put
    Entry = Above $1200
    Expiration = One Week


    Gold is sinking and sinking fast. Ever since the Fed announced the taper the dollar has been gaining ground and pushing gold to make new lows. Monday morning trading had the metal below $1200 off and on but I don’t think this level will hold for long. I am looking for gold to start making a bottom soon but don’t think this is it quite yet. There could be one last mass sell off as investors who have been holding on until now finally get out and put their money somewhere else. I am trading puts on gold with a target entry above $1200 and one week until expiry.



  2. #2
    Specialist Member RCox's Avatar
    Quote Originally Posted by Martin Kay View Post
    The new Top Five Tips of the Week from Michael are here.

    Check them out and find which are the best binary trading ideas for this week. Test them on CommuniTraders Binary Trading Platform!
    I am also highly bearish on gold for the long term, but I would be cautious about chasing things at current levels. I am also looking at this asset as something that will be driven by the US Dollar. But I prefer to play the Dollar strength in other ways. I would suggest looking at PUTS in GBP/USD, or calls in USD/CHF as a more predictable alternative.

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