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  1. #1
    Administrator Martin Kay's Avatar

    Hot Tip from the Geek - SP500, USD/JPY, Nikkei - Weekly Expire - 04-11/03/2013 !!!

    Hi guys,

    The New Top Five Tips of the week from Michael are here!
    This week started with a 4% drop in Shang Hai Composite, but it seems will have no effect on the other markets and we will have a strong week for the stock markets!

    Originally posted by Michael Hodges. Check Michael's binary option trading tips.

    S&P 500 A Stones Throw From All Time Highs

    S&P 500
    Call/Put = Call
    Entry = below 1510
    Expiration = end of the week

    The S&P has been very volatile over the last two weeks. The spending sequester, earnings, data, FOMC statements and global events have all had their impact. This week will be no different but I think the first half of the week may be on the quiet side. Data will begin to pour in tomorrow and then continue on Wednesday and Thursday culminating Friday with the NFP numbers. Based on recent trends in unemployment claims I am expecting these numbers to be good. Not stellar or spectacular but good enough to support the current levels of recovery and possibly even hint at improvements expected later this spring.



    BOJ Governor Nominee Will Drive Nikkei Higher

    Nikkei 225
    Call/Put = Call
    Entry = below 11650
    Expiration = end of the week

    The Nikkei hit a new 4.5 year high today after statements from Shinzo Abe nominee Haruhiku Kuroda during his confirmation hearing. The nominee for BOJ Governorship said that he supports more aggressive easing in Japan. This is completely in line with market expectations and the desires of Prime Minister Shinzo Abe. So far, the easing policies of Japan have helped to lower the value of the yen, improve Japanese competitiveness in over seas markets and boosted the value of yen based stocks. Now it seems like the desires of Abe to further help boost growth even more are about to be met.


    Germany Is Still Expected To Grow In The First Quarter

    DAX
    Call/Put = Call
    Entry = below 7650
    Expiration = end of the week

    The German economy is expected to be in rebound mode as we speak and nothing about today will change that. The changes in China were a little on the drastic side but were none the less expected. The Italian election has turned out to be a lot of noise and also did not impact stock values significantly. Support exists around 7600 where I think it looks good for entry. I am bullish on this index longer term as well but because the DAX is range bound I am more cautious. I am trading calls on the DAX with end of the week expiration and a target entry below 7650

  2. #2
    Specialist Member RCox's Avatar
    I do think the geek makes good recs usually, just not totally sure why there is so much optimism (almost always). I am contrarian by nature (probably easy to see with my regular antisocial comments), I am a seller on rallies.

    Keep up the good work mikey boy, theres not much of it actively posted on the inter tubes.

  3. #3
    Active Member rongold's Avatar
    For the moment Michael’s optimistic view on the stock markets prove it is right. Probably if he continue to stay bullish it could go wrong somewhere in the future but I have to say most of his predictions are very good and have a stable base.

  4. #4
    Specialist Member RCox's Avatar
    This latest break of 1530 in the S&P is big and has shown very little in the way of retracement. Indicator readings don't have much room to extend to the topside, bullish traders should wait for a retest of 1530 before getting long again.

    Click image for larger version. 

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  5. #5
    Legendry Member Michael Hodges's Avatar
    I wouldnt say that I am optimistic, just waiting for the end of the current rally which I think will coincided with the S&P all time highs and the top of the secular bear market range. I have gotten burned too many times getting contrarian too early, as long as the up trend is intact I have to keep trading bullishly. Of course, once I get the right signs I will definately turn bearish. There are a lot of reasons and a lot of people that think a top is coming and I am in that boat.

  6. #6
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by RCox View Post
    This latest break of 1530 in the S&P is big and has shown very little in the way of retracement. Indicator readings don't have much room to extend to the topside, bullish traders should wait for a retest of 1530 before getting long again.

    Click image for larger version. 

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    Yesterday's jump up was way more bullish than I was expecting, I missed my chance to get in on this leg...I definately will not be chasing prices as there is a lot of downside risk .....plus volatility is starting to trend up.

  7. #7
    Active Member rockettrader's Avatar

    Exclamation !!!

    Do you know guys what is happening? All the printed money goes to stocks. The currencies all over the world including the strongest ones like US dollar all together are massively devaluated as compared to the real actives like shares in companies, properties and so on. Yes this way a lot of bubbles burst, like the housing market crash in 2008 but now the market is not overvalued compared to earnings, so it could continue its bull market a way more and reach levels that nobody expected. It is too difficult to be a contrarian trader to such a massive movement. It could be even worse, just the beginning of a inflationary pressure which is still sleeping somehow and waiting to start the money devaluation. If it is so, I will specialize myself in undervalued stocks and will trade mostly on them!

  8. #8
    Senior Member Grae's Avatar
    Not much talk about the EURUSD. But looking to to the NFPs

  9. #9
    Specialist Member RCox's Avatar
    Quote Originally Posted by Grae View Post
    Not much talk about the EURUSD. But looking to to the NFPs
    Be careful with the EUR/USD in environments like these. A thread really should be dedicated to this, as short term reactions differ from traditional correlations in risk versus non risk assets.

  10. #10
    Specialist Member RCox's Avatar
    Quote Originally Posted by Michael Hodges View Post
    I wouldnt say that I am optimistic, just waiting for the end of the current rally which I think will coincided with the S&P all time highs and the top of the secular bear market range. I have gotten burned too many times getting contrarian too early, as long as the up trend is intact I have to keep trading bullishly. Of course, once I get the right signs I will definately turn bearish. There are a lot of reasons and a lot of people that think a top is coming and I am in that boat.
    We are at an all-time high in the Dow. I'm not quite sure I believe the US economy is at an all-time high.

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