Top 7 Binary Options Trading Tips Hit List 20-26/8/2012
Trading tip from the Geek – Easy to understand Binary Options Trading Advices
Europe Has High Hopes For ECB
FTSE 100
Entry = below 5900
Call/Put = Call
Expiration = end of the month
My Advice in 50 Words
Europe is placing a lot of faith in Mario Draghi and the ECB. The European Central Bank has pledged support for the crumbling financial system and is actively seeking ways in which to help. The FTSE 100 has been supported by work of the ECB, trading sideways above support for over two weeks. Relief will help drive the FTSE up to its next resistance and a six month high near 6000 by the end of the month.
Ibex Climbs Like Its Namesake
Ibex
Entry = below 7500
Call/Put = Call
Expiration = end of the month
My Advice in 50 Words
The Spain trade is still working and looks good for an addition. The Ibex has been the most volatile of the European stocks due to its need for and possible benefit from ECB assistance. The Ibex moved up from support around 7000 last week with a nice upsurge in volume. It is now consolidating and looks like it will move up to next resistance at 8000.
Asian Markets End Mixed But Japan At Three Month High
Nikkei 225
Entry = below 9100
Call/Put = Call
Expiration = end of the month
My Advice in 50 Words
Japan has been benefiting from exchange rates, at least according to results reported by the nations major car makers. Although the Asian economy is shaky Japan still stands to see some growth as it continues to recover from the not too-distant natural disasters that rocked the Island. The Nikkei will likely trend higher to its next resistance at 9500.
China Growth Concerns Spur Hopes Of Easing
Hang Seng
Entry = below 20,100
Call/Put = Call
Expiration = end of the month
My Advice in 50 Words
Concerns of China’s slowing economy is spurring hopes of increased monetary stimulus in the country. The Hang Send has been stabilizing above is support/resistance line at 20,000 and looks like it will move up from there. Any signs of easing, which are expected soon, from the nations central bankers will likely fuel the move upward.
S&P Could Break Out To New Highs
S&P 500
Entry = below 1420
Call/Put = Call
Expiration = end of the Month
My Advice in 50 Words
The S&P has been trending upward for months and is now trading just under resistance at 1420. The S&P has worked itself up to just under a 3 year high with no where to go but up. Business conditions are improving and there is growing hope for another round of economic stimulus. The S&P is likely to break out soon and begin its move up to the 1500 level.
The Dow Is In Step With The Broad Market
Dow
Entry = 13,250
Put/Call = Call
Expiration = end of the month
My Advice in 50 Words
The blue chips have the most to gain from global stimulus and possibilities for growth. Currently the mega caps have been able to post some decent gains but no real earnings growth because increases in one area have been offset by declines in others. A global economy moving in step will help to drive Dow earnings higher. The Dow will continue to trend higher this month and brush 13,500.
The Euro Is Poised For A Big Gain
Eur/USD
Entry = below 1.2400
Put/Call = Call
Expiration = end of the month
My Advice in 50 Words
The Euro is gathering support as just as the ECB is gathering its arsenal of tools to help the troubled currency. The Euro is ready to make a strong move up and could easily hit the 1.2500-1.2700 region. The move is imminent and likely to happen before the end of the month.
Current Global Conditions Weigh On Exxon
Exxon-Mobil
Entry = below $88
Put/Call = Call
Expiration = end of the week
My Advice in 50 Words
Growing expectations for economic stimulus and hopes for future world growth will help to support higher oil prices and near term profits for Exxon. The stock has been trending up and is near a four year high. Exxon is consolidating now in preparation for a larger move up.