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By: Adam Stone
February 11th 2014 7:15am GMT, London UK
 
Binary options traders get ready for a new day but the situation in the markets is actually just more of the same. But before you get to thinking that this is some boring scenario, think again. Markets are rocking and rolling, with lots of volatility, and loads of opportunities; exactly the type of “same same” we have come to love as traders. Yesterday, US markets were very volatile with much of the day steeped in losses until the last minutes of the trading session when a bit rally forged a positive outcome at the close of the day. The S&P finished the day 0.16% higher to 1799, its highest level since the 23rd of January when things got a bit messy in the US stock markets.

It was just around that date when binary options traders pulled out of index trading, as we reported. According to Barry Cornwall, GOptions head of indices, “binary options traders have a very keen sensitivity to the trading environment and when things turn in one direction or another, the need to find new opportunities persists. It is very interesting that binary options traders choose to opt out of trading indices during a down-turn despite the ability to trade to the downside with the same ease as heading upwards. It’s almost as if binary options traders have a stronger sense of averseness to catching falling swords. In other words, they have less of an inclination of looking for deals and rather opt for strong signals”.

This lends itself to other asset classes as well, however none quite as clear as the situation with indices. As a result, the last 2 sessions’ ability to pull higher have shown a renewed interest in indices and as such binary options volume on indices has headed higher once again. Binary options traders will do well to take a closer look at indices like the S&P as well the Dow. If the Dow Jones is more of an interest, then know that the index is also riding a strengthening wave higher. However, if the S&P’s last ditch effort to close higher seemed dramatic, with the last 2 hours of trading proving enough to close higher, the DJ was only able to manage to replicate this in the last few minutes of trading.

Earlier in the session, at around the time when the S&P made its move higher, the Dow did the same but pulled right back lower. Binary options traders thinking a break was on its way were in for a rude awakening. However, the last minutes of trading proved that the market was strong and looking for gains. It can be attributed to Janet Yellen’s expected push to continue tapering the printing presses. With more tapering of the stimulus, binary options traders can, on the one hand, expect a down turn but on the other hand, the testimony of a tapering act is one of confidence which thus pushes markets higher. As such, we believe that the latter effect is not only a counterweight here but rather the imputes the market was seeking despite weaker than expected economic news.

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Adam Stone
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Adam Stone

As COO of GOptions, my first and foremost goal is to provide traders with the most up to date info from the markets. I have been trading the markets since 2004 and have been involved with stocks, binary options, and forex trading since then. I have had no formal market education and pride myself on a self taught approach to everything related to trading. I try to focus though on both the technical and fundamental aspects related to each trading day and bring forward the most important aspects of risk/reward in the market.
Adam Stone
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