[NEW FEATURE] Live Signals on CT 2.0 I want to take a look now! Close
Open
Page 1 of 2 12 LastLast
Results 1 to 10 of 13
  1. #1
    Administrator Martin Kay's Avatar

    Hot Tip from the Geek - SP500, USD/JPY, Nikkei - Weekly Expire - 25/02-04/03/2013 !!!

    Hi guys,

    The New Top Five Tips of the week from Michael are here!
    Last week was a real roller coaster ride for the markets, but Michael still holds his bullish opinion. His article is full of fresh trading ideas. Check it out and find the best ones for you!

    Originally posted by Michael Hodges. For the whole article click here .


    S&P 500 Had a Hiccup

    S&P 500
    Call/Put = Call
    Entry = below 1525
    Expiration = End Of The Month

    The S&P had a pretty severe hiccup last week. The FOMC minutes proved to be cause for bears to enter the market. However, on closer inspection the minutes gave absolutely no indication of when or how QE was going to end. What they did give us was a lot of discussion on the subject, something they’ve given us before. What the minutes also provided were a few statements that gave reason for hope. Statements like “moderate improvement in the economy”, “fewer downside risks”, “housing strengthening” and “unemployment declining”.


    Nikkei Leading Asia Markets

    Nikkei 225
    Call/Put = Call
    Entry = Below 11,500
    Expiration = End of the week

    The Nikkei is leading Asia and made a new high today. The Japanese index gained about 2.5%, or 275 points, today and broke above long term resistance. This move is being driven in part by the yen and in part by the effects of a weaker yen. The BOJ is printing yen, on an internal level when there are more yen in circulation it takes more yen to buy yen based stocks. On an external basis when the yen is weaker than the dollar it means that it is cheaper for dollar based economies to buy Japanese products. This dynamic is expected to lead to growth in Japanese exports and profits for Japanese companies. These two factors will likely keep the Nikkei moving higher, at least in the short term.


    Yen Sliding Away

    USD/JPY
    Call/Put = Call
    Entry = below 94.25
    Expiration = End of the week

    The yen broke to a new intraday high today on the heels of Mr. Kunda’s nomination. This move was met with some selling but indicators are pointing to a continuation of the current trend. I am trading calls on the USD/JPY pair with an entry below 94.25 and an end of the week expiration.

  2. #2
    Rookie Member
    I think most of these tips won’t work this week.. Market is under pressure and the volatility is high, so the most probable is some downside retracement. Sorry, Michael but from time to time we have to change our mind together with the changes in the market behaviour. I am also bull in my mind but sometimes have to be quiet

  3. #3
    Specialist Member marvel's Avatar
    We will see. I am bearish now, but the week ahead will give us the clue, so for now I won’t trade longer term options, before it will clear the situation.

  4. #4
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by baron R View Post
    I think most of these tips won’t work this week.. Market is under pressure and the volatility is high, so the most probable is some downside retracement. Sorry, Michael but from time to time we have to change our mind together with the changes in the market behaviour. I am also bull in my mind but sometimes have to be quiet
    this is one of those weeks that really sucks. Of course Italy would have to hang their voting right after I submitted these tips. You can't win them all....

  5. #5
    Senior Member Grae's Avatar
    Quote Originally Posted by Michael Hodges View Post
    this is one of those weeks that really sucks. Of course Italy would have to hang their voting right after I submitted these tips. You can't win them all....
    True. This weeks volatility is huge.

  6. #6
    Master Member vinayakm's Avatar
    Quote Originally Posted by Grae View Post
    True. This weeks volatility is huge.
    Yup with all the earnings reports coming out of the retail sector, I thought it would be best to avoid a trade on the S&P 500. But then again, Michael is advising an end of the month expiration on the S&P 500 call.

  7. #7
    Legendry Member Michael Hodges's Avatar
    I discounted the earnings and economic data this week because I still think the index is going to retest the all time highs before a real bear market sets in, I also discounted the sequester because I thought it would get brushed aside just like the Fiscal Cliff at the beginning of the year...what I failed to do was wait to see the outcome of the Italian elections or see what the early morning Monday trading was doing. Bernanke's testimony on the Hill today was reassuring. He seemed to decipher the minutes and lay to rest fear of a near-term end to QE and downplayed much of the risk to the economy. I will chalk this week up to experience because it sure doesn't look like any of my ideas are going to pay....

  8. #8
    Master Member vinayakm's Avatar
    Thanks for clearing that up Michael! Really helps to put things in perspective now with regards to the S&P 500.

    Most investors do see a bearish run after some time for the index given its big rallies to start 2013.

  9. #9
    Master Member vinayakm's Avatar
    Still I wonder what the Berlusconi victory in Italy means for the DAX now; its been on an upswing during trading Wednesday.

  10. #10
    Legendry Member Michael Hodges's Avatar
    The markets are crazy right now. Volatility is definately back. I'm glad to see the market bouncing today but I won't hold my breath until my trades all expire later this week. The market could easily retreat again tomorrow. I do like the way housing data is looking this week though, could lead to building buying hiring and stronger GDP growth.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3