Trading tip from the Geek – 6 Easy Binary Options Tips for August for 28-31/8/2012

 The end of the month is on Thursday this week so all new trading ideas will have end-of-the-week expiration for maximum time and opportunity.

Europe Higher On Hope And Dreams

FTSE 100

Entry = below 5800

Put/Call = Call

Expiration = end of the week

My Advice in 50 Words

The FTSE retreated from resistance late week as US economic indicators pointed to the possibility easing was not on the way.  The fears were soon put to bed when global traders realized that the US and global economy was still in rough shape and that easing, stimulus and renewed asset purchases from central banks was still highly likely. The broad European market stabilized below last weeks entry point providing another opportunity to get into this trade.

Spanish Markets Set To Soar

IBEX

Entry= below 7400

Put/Call = Call

Expiration = end of the week

My Advice in 50 Words

The Spanish markets have been trending strongly upward since the market bottom hit earlier this summer.  The support given to Spain, in words and funding, have helped to establish some confidence in the countries ability to recover.  Spain’s march higher could take it all the way to 8500 as momentum and short term traders help to drive up the prices.

American Markets Leading The World

S&P 500

Entry = below 1420

Put/Call = Call

Expiration = end of the week

My Advice in 50 Words

The S&P 500 has been bumping along just above the psychological 1400 level.  The market should be supported as long as FOMC stimulus hopes persist.  Economic data that points to easing, signs of easing or better, easing, is going to help lift the markets going into next month and the next round of central bank meetings.

Tech Set To Climb On Stimulus

Nasdaq

Entry = below 3085

Put/Call = Call

Expiration = end of the week

My Advice in 50 Words

Tech stocks have a lot to gain from renewed global stimulus.  Business and research investment will pick up, hopefully, and drive revenue and profit growth for these companies. The Nasdaq, although light on volume, has been showing some bullish signs and two interesting Long White Candles in the 3050 range.

Euro Continues To Gain Strength

Eur/USD

Entry = 1.2525

Put/Call = Call

Expiration = end of the week

My Advice in 50 Words

The Euro gained a support level and crossed above the 1.2500 line.  The shared European currency should continue to gain support until the stimulus/no-stimulus point is crossed, sometime in the next month or two.  Until then I expect to see investors and traders continue to move into the currency pair.

Apple Beats Samsung And Climbs To New Highs

AAPL

Entry = below $675

Put/Call = Call

Expiration = end of the week

My Advice in 50 Words

Apple is going higher for so many reasons, most of all because it’s the darling of the market.  The tech giant can seemingly do no wrong and win over Samsung this weekend has propelled it higher than ever before. The stock has broken out of a bull flag pattern and will probably clear the $700 level soon, and then march on to $750 over time.