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  1. #1
    Administrator Martin Kay's Avatar

    Tip from the Geek – Top 7 Binary Options Trading Tips List 1-6/10/2012 (Part 1) !!!

    Hi guys! Michael's weekly tips finally arrived! Let the discussion begin!

    The latest "Tip from the Geek" can be found here.

    Quote Originally Posted by Michael Hodges

    1. October Is One Bullish Month

    Dow
    Entry = below 13,500
    Call/Put = Call
    Expiration = end of the month
    My Trading Recommendation
    We start the month off with the major US indexes down very near to support. October is a traditionally up month in these indexes as traders and investors get positioned for the fourth quarter. Third quarter earnings, which are expected to be weak, may provide a springboard for the uptick in GDP expected in the fourth quarter and keep the markets rallying through the years end.

    2. Broad Markets Rally On

    S&P
    Entry = below 1445
    Call/Put = Call
    Expiration = end of the month
    My Trading Recommendation
    S&P earnings expectation for 2012 are the highest ever. Even with lowered expectations and declining economic indicators corporate profits are what drives stock prices. Economic data will probably be lack luster and fairly neutral, therefore having little impact on the overall trend. The trend is still up and trading with the trend is always the best choice.

    3. Techs Lead Going Into The Fourth Quarter

    Nasdaq Composite
    Entry = below 3100
    Call/Put = Call
    Expiration = end of the month
    My Trading Recommendation
    With the markets so close to support and a bullish trend intact a call on the Nasdaq is likely to be a winner. The techs will get swept up with the rest of the markets as they begin to rise and then take over market leadership going into November and the holiday season.

    4. Europe Stabilizes

    FTSE 100
    Entry = Below 5800
    Call/Put = Call
    Expiration = end of the month
    My Trading Recommendation
    The European markets were hit with the 14 negative PMI number in a row this week, confirming a previous almost-certainty that the region is in recession. Traders shrugged off the data as old news and focused on the positives instead. Spanish budget cuts and renewed debt purchases have renewed hopes for an economic rebound in the coming quarters.

  2. #2
    Rookie Member
    I really Appreciated this post martin but i dont know what you are actually advising on the 4th tip. are you suggesting we go for European market now? And is there any country that was specifically hit?
    Thanks

  3. #3
    Master Member Bogdan G's Avatar
    Quote Originally Posted by bitterB View Post
    I really Appreciated this post martin but i dont know what you are actually advising on the 4th tip. are you suggesting we go for European market now? And is there any country that was specifically hit?
    Thanks
    I think he is telling us we should buy a Call on FTSE, below 5800 because Euro economy is stabilizing and things are looking up...

  4. #4
    Specialist Member RCox's Avatar
    2. Broad Markets Rally On S&P Entry = below 1445 Call/Put = Call Expiration = end of the month

    My Trading Recommendation S&P earnings expectation for 2012 are the highest ever. Even with lowered expectations and declining economic indicators corporate profits are what drives stock prices. Economic data will probably be lack luster and fairly neutral, therefore having little impact on the overall trend. The trend is still up and trading with the trend is always the best choice.
    _______________

    With today's positive jobs numbers failing to inspire much optimism, I am expecting difficulty in the S&P in the near term. If markets cannot respond favorably to critical economic data, the downside will look much more vulnerable. 1460 looks like a good area for short term PUTS, so any rallies should be viewed with skepticism and looked at as an opportunity to get bearish. Key jobs data this week to be the driving factor for the remainder of the month.

  5. #5
    Legendry Member Michael Hodges's Avatar
    Hi guys! Sorry it took me so long to get back to you all, it's been a crazy week. I'm still sticking with all my trades for now. The general markets are finding support at this time above the previous resistance and efforts around the world to shore up the economy have been well received. This should be a good month for the bulls, the big money managers are getting positioned for the fourth quarter and I expect economic data to continue to be positive. I'm not saying the bulls are right, just that the markets will be higher at the end of the month than they are right now. The S&P is heading for long term resistance at the all-high, around 1565 if memory serves me correctly, and should encounter little resistance until then.

  6. #6
    Legendry Member Michael Hodges's Avatar
    That's right Bogdan, I think the FTSE 100 will be higher by the end of the month.

  7. #7
    Legendry Member Michael Hodges's Avatar
    The ADP number is never as important as the US non-farm data we get on Friday. The ADP numbers will get analyzed along with the unemployment data tomorrow but Friday's data will be what moves the market.

  8. #8
    Specialist Member TAllen1429's Avatar
    I am bullish on the DOW because of stimulus implications. The end of this month should be sufficient to enable the Fed and ECB packages to take full effect.

    When analyzing the markets, here are some thought that I have been mulling over.

    A few weeks ago, the Fed and the ECB instigated new ambitious stimulus plans. Since then, further disclosures have provided deeper insights into the massive size of these packages leading many to question just how big a mess is the global economy in.

    This week, a well-known US investment bank was successfully sued for its contribution to the 2008 financial crisis for selling mortgage-backed debt without any due diligence despite asserting that it had thoroughly undertaken such tasks. There is now a sequence of identical lawsuits in the pipeline.

    The greed-driven conduct of bankers has left many parts of the world submerged in an ocean of debt. Of central importance is that the same banking mindset that dropped us all in this mess originally is now attempting to correct the situation. Consequently, these self-professed geniuses are producing solutions that are appearing lob-sided to most other sectors of society.

    Bankers earn absurdly large salaries because they deal with large amounts of money and not because they are mentally gifted. In fact, many of them deploy very little originality but, instead, just rely on the same old time-aged procedures. In contrast, the world now requires top-class genius and innovation to get us out of this mess. Printing $40 billion dollars per week for years on end hardly satisfies such criteria. Neither does implementing a massive bond-buying plan setting Eurozone members at each other throats.

    Consequently, our job has become more difficult because we now have to assess the markets against a backdrop of such dramatic uncertainty.

    When is the bar open - lol?

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