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BINARY OPTIONS TRADING IN THE WAKE OF GOOD NEWS

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By: Adam Stone
December 27th 2013 5:50am GMT, London UK
 
Binary options trading is going to continue trading based on the good news to come from the US economy yesterday. Both Retail Sales figures and Initial Jobless Claims bettered themselves in the preceding period despite worries that the holiday season dampened the economic outlook. The fact is, the holiday season is rife with economic pitfalls ranging from end of year layoffs to better corporate bottom lines to poor showings of consumers in retails outlets leading to poor sales figures. The implications of better figures is actually a compound effect. For starters, the initial and immediate effect was a rising stock stock market which is to be expected. But the further effect to be expected here is based on this initial reaction which might spread through the newswires as an indication that things are in fact better in the US.

As we explained yesterday, the likelihood of a rise in stock prices was very high and we also pointed to the Dow Jones as a great choice for trading binary options. It was a fantastic choice seeing as how our expectation of a move higher with no retreat was in the cards for binary options trades looking for a move on the index. The Dow rose 0.75% to 16479 leaving only the 16500 resistance now to be broken. Sure, on nearly each day over the last weeks the Dow, and the S&P for that matter, has been breaking one record after another. The index has risen an enormous amount in 2013 and despite our disinclination to summarize this preceding year just yet, 20%+ is a great year for any asset, especially a stock index.

For the trading day ahead, as we explained, the 16500 level for the Dow is looking ripe for yet another break. The great news from the US economy yesterday will likely push help push the EU session higher as well. Although the rise of US asset prices wasn’t able to help the Asian session, with the NIKKEI nearing a negative close, the day ahead looks to be more positive for the Western Hemisphere. The S&P is again of interest to us as well. The index also hit a new high, as we touched on earlier. It seems as though nothing can stop the beat of the winnings on these indices. For the day ahead, the S&P index looks to break yet another record and any move above 1843 will allow binary options traders to take Up options with low risk levels. As explained yesterday, these situations where the market sets you up with a good and low risk opportunity, is expressly what you as a trader need to look for.

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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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