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Originally Posted by Michael HodgesEasy to understand Binary Options Trading Advices. Try them Yourself!
Greece Needs More Money, Really?
The Eurozone crisis is back in the spotlight this week. The seemingly endless dance around whether or not Greece, Spain and Italy will need more money continues. This weekend a leak sparked speculation on Greece’s needs and what will happen. The Greek Ministry Of Finance denied the rumors but failed to calm market fears.
1. The European markets drop on fear
FTSE 100Call/Put = CallEntry = below 5850Expiration = End of the monthMy Trading Recommendation in 50 Words
Bailout talks have yet to depress the trend in European stocks. The fact that talks are still on-going and progressing is enough to keep the FTSE at this level. If talks break-down then it will be time to worry. There is not expected to be any more info concerning Greece until next week so I don’t expect anymore downside on the latest news development. Last weeks trade idea stands with an even lower entry point.
2. Spain stands strong
IBEXCall/Put = CallEntry = below 8150Expiration = end of the monthMy Trading Recommendation in 50 Words
The Spanish markets are still holding strong. The Spanish governments stance that they do not need help at this time and the ECB’s bond buying support have done the job, at least for now. The Greece news this week only helped get us back to a good entry level.
3. The US markets lead the world higher
S&P 500Call/Put = CallEntry = below 1455Expiration = end of the monthMy Trading Recommendation in 50 Words
The US markets are trading, and have been for over a week, above a new support level. The charts look good for a full 100% retracement of the 2008 bear market which will take the S&P another 100 points higher. Once again the Greek news has provided another opportunity to get into this trade.
4. Techs, as volatile as ever
NasdaqCall/Put = CallEntry = below 3160Expiration = end of the monthMy Trading Recommendation in 50 Words
The tech stocks have been volatile lately as new growth projections shake up the sector. The Nasdaq has been moving up in spite of all this on the back of Apple mania and will continue up with the rest of the US markets.
5. China, does it matter any more?
Shang Hai CompositeCall/Put = CallEntry = below 2050Expiration = end of the monthMy Trading Recommendation in 50 Words
The Chinese economy is still slowing and the Chinese stock markets are reaching new lows. The contrarian in me thinks that the Shang Hai Composite is overextended on fear. Global relief, though shadowed by Greece inspired fear, will help this index find a bottom in the short term at least.
6. Apple, the darling of the market
AppleCall/Put = CallEntry = below $695Expiration = end of the monthMy Trading Recommendation in 50 Words
Apple crossed the $700 line, held on for a day or two and then came right back down to $690. This stock has the attention and interest of the markets so I see little chance of any significant downside. The battle of $700 is not yet played out either. Volatility if not valuation will take this stock back up over $700 by the end of the month.
7. Euro softens against the dollar
Eur/USDCall/PutEntry = below 1.29450Expiration = End of MonthMy Trading Recommendation in 50 Words
The Euro has been softening against the dollar over the last week. The short term weakness is likely profit taking, the Euro has been trending upward for over two months and was in need of correction. Now that it has happened there is room for the currency to move up again. The support of the ECB will out weigh any short-term concerns stemming from the individual Eurozone nations.