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Markets in the US, despite many reasons to head down and cower in fear, are heading in with bullish zeal into a very critical stretch here. The S&P closed the day above the critical 1670 level after climbing 1% to 1671. The Dow also had a great day and binary options traders should have been able to take a low risk trade after breaking past the 15000 level yesterday. This index should have been high on the watch list of every binary options trader and it didn’t disappoint. Binary options traders could have even gone for a trifecta by taking the big move on the Nasdaq index to take 3 indices out of 3 in the US session and all for wins. The Nasdaq finished the day 1.26% higher to 3706 and as we reported last week, a move above 3700 would be considered a break allowing binary options traders to take up options with low risk trades.

Most of the bullish attitude probably came from the wrong side of things as it looks bleak for Obama and his bid to get support for an intervention in Syria. No one is really for this, but to be against it somehow simply seems wrong. On the other hand, who’s to win from such an intervention? No one really. On the one side you have a terrorist regime and on the other you have Al Queda back rebels. What’s better for the Americans to back in this case? Yeah, it’s a tricky situation and we can understand why it’s hard to get support. However, the markets did lash out to some extent initially by not seeing a knee-jerk reaction by the government. Had Obama simply launched a 3-5 day cruise missle target practice exercise on the army of Syria, he would have his word ,he would have his integrity, and it would be over already. But now it’s drama and markets can’t stomach drama which is why we are witnessing the big ups, like yesterday, and the big downs, like last week.

It’s up to binary options traders to sift through all of this. On the other hand, there’s not real brain work here. After all, a break is a break. Once an index build up the momentum and crashes the gates of a resistance, it’s simply a matter of pulling the trigger for binary options traders. This is especially true of incidence like those we had yesterday where the indices simply moved higher right past resistances with nary a bear in sight.

apple product launchSo for the day ahead, Chinese data will continue to be scrutinized for the bulls and with today’s Apple product launch. Binary options traders will likely be unable to take advantage of the moves on Apple directly, but the indices will react and likely in a positive manner. Stock index futures are already pointing higher today. So expect more bullishness and extended gains for another day

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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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