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NASDAQ AND EUR/USD WITH BINARY OPTIONS
20th of May 2013
Friday, US markets carried on higher with sharp gains towards the end
of the trading session. Binary options watched as the stock markets
continued the rally, now just about 6 months old. The S&P finished
up 1.03% to 1667 while the Dow closed 0.8% higher to 15354 and the
Nasdaq closed 0.97% to 3498. The Nasdaq, from amongst these 3, is the
index getting the fewest headlines simply because it has a long way to
go before it surpasses the all-time as has already occurred weeks ago on
the other indices. But binary options traders have noticed the moves of
the tech heavy index and have started pumping trading volume into it in
recent weeks. The dealing room reported that for the first time of this
rally, the Nasdaq broke into the top 10 of traded assets by volume with
HEADING DOWN TO HEAD BACK UP
17th of May 2013
Don’t call it a correction just yet. Just because the major US markets headed slightly downwards yesterday does not mean that we’ve reached the apex of the uptrend and now a downpour will be expected. It just means that things are running very hot and a day of declines is not to be overly read into. It is though worrying that the reasoning behind this drop, and the reason attributed to the strong drop in volume on these indices with binary options, was the unexpected weakness of the CPI figures. As a result of these poor figures, the S&P lost about 0.5% 1650 while the Dow lost 0.28% and fell to 15233. The Nasdaq, one of the biggest winners over the last couple of weeks despite not reaching any all-time record levels like it counterparts, lost the least on the day and fell only 0.18% 3465.
CAN’T SLOW US DOWN
16th of May 2013
The US markets started heading down yesterday and even showed weakness at the start of the trading session but nothing could really stop the uptrending momentum. By the end of the session, binary options traders watched as the S&P closed with yet another all time high at 1658 after rising 0.51%. The DOW followed suit with a 0.4% move higher to 15275 as the Nasdaq crept up higher by 0.26% to 3471. The interesting part of this uptrend is how the dollar has tended to react to the moves in the US market. For starters, it has been pressured for most of the year to the downside. But in the last 2 weeks, the dollar has strengthened against most currencies.
NO END IN SIGHT
15th of May 2013
Markets headed higher again, this time led by banks and the prevalent thinking that the Federal Reserve won’t be too quick to turn off the inflow of cash via their bond buyback program. The quantitative easing currently in place or QE3 as it’s been termed has helped send stock markets in the US into hyper drive. Without a single correction to be seen this whole year, many traders are concerned that the effect of a pullback from these buybacks will destroy the uptrend. Binary options traders and other investors are actually perceptibly fearful of such a situation but the one saving grace is that binary traders can always easily take options to the down side to counter any such move. But looking at the current state of affairs where near daily extensions of the highs seen the previous day are seen in all the US indices, there is no real reason to start running for the hills just yet.
Read the Full Binary Options Analysis Here
THE QUIET BEHIND US
14th of May 2013
Despite an unexpected rise in Retail Sales figures in the US, markets were unable to continue with the same momentum from last week. As a result, the major indices were either down or just about break even for the day. Retail sales really surprised the market with a result of 0.1% higher as compared with expectations for a negative figure closer to -0.3% which was closer to the previous mark of -0.5%. The fact that this figure came in as a positive one leads most economic analysts to conclude that the American economy is getting stronger on multiple fronts. If at first it was just a slight increase in manufacturing a jobs, now the retail market is showing signs of life as well. Binary options traders were probably a bit exasperated due to the lack of opportunities on the indices but it was from a day devoid of action.
All Back On Track
13th of May 2013
Markets returned to form on Friday, heading back higher after a minor correction was seen Thursday. The S&P got right back on track on the uptrend recording its 6th day higher of the last 7 trading session. The index has been a favorite for binary options traders of late which is why it’s important for us to explain what’s really going on here. In the past, indices like the S&P were in 10th or 11th place in volume but in the past 2 months its stature has climbed now to 6th place and looks to continue trending higher. Of course, binary options traders prefer staking on the movements of currencies, but this trend is not a fad. The fact that the S&P is in 6th place is actually a huge deal since its been able to create that volume in about a third of the time per day when the currencies are available (24 hours a day).
10th of May 2013
Markets just couldn’t maintain and a small slip was seen in the US stock indices yesterday. We start by saying, this is probably nothing. In fact, it’s probably less than nothing and binary options traders will likely continue to be looking for up options in the coming trading session. But first about yesterday. The S&P didn’t create a new all-time high for the first time in 5 sessions and lost 0.37% to 1626, the Dow dropped 0.15% but maintained it’s support level and stayed above the critical 15000 and finished at 15082, and the Nasdaq lost 0.12% and finished at 3409.
BINARY TRADERS FOCUS ON THE UPTREND
9th of May 2013
The uptrend train is and will be unstoppable for time to come. With no news in the markets, investors are left to their own device and the idea is simple: buy buy buy. There seems to be nothing able to curb the enthusiasm in the financial markets these days with investors Binary options traders have been taking advantage of this in recent day. Since this uptrend began a few months ago, volume has been steadily increasing on stock indices. It seems that binary options traders have taken their sweet time to get in on the action. It’s been hard to pull traders away from the forex pairs that are just more popular.
7th of May 2013
Despite a rather tepid day of trading, the S&P again managed to reach a new record high as it cruised past the resistance set from Friday and finished the day 0.19% higher to 1617. The quietness though was felt in the Dow stock index which actually fell 0.03% to 14968. We don’t place too much significance on this pullback and do believe that the index will carry on its uptrend today. The Nasdaq headed higher today, in similar fashion to the S&P and closed the session up 0.42% to 3392. The index did not manage to test the critical 3400 level, but could muster up the momentum in the trading day ahead.
6th of May 2013
S&P and Dow both headed into never before seen territory as they
both shot up higher and recorded all time highs. The Dow actually broke
last the 15k level but finished up 0.96% to 14973. The S&P again
broke the previous resistance, providing binary options traders an easy
up option, again. The S&P stock index finished up 1.05% to 1614,
finishing above 1600 for the first time in its history. The background
music to this uptrend party was the news from the jobs market which
proved that the American economy’s recovery is alive and well.
GOOD NEWS: GOOD RESULTS
3rd of May 2013
Europe, things started off incredibly well for the day ahead. The
European Central Bank (ECB) unexpectedly cut interest rates. The bank
dropped the interest rate from 0.75% to 0.5% although it wasn’t a
complete surprise as many were actually expecting the drop and according
to consensus opinion, the market believed that the ECB would take this
action, but many investors didn’t hold this belief and thought that the
ECB would not do a thing. In the end, they did and European stocks were
propped higher due to this.
JOBS DATA IN FOCUS
2nd of May 2013
markets finally pulled back yesterday and binary options traders may be
beginning to wonder if the uptrend is really very stable at all. For
months, the US markets have headed higher with corrections being very
shallow each time they’ve come about. So do we think this correction
will suddenly take on a different and deeper characteristic? Actually,
the answer to this is that we do not think this correction will last the
week. Sure, markets are a bit worried about jobs in the US economy, a
fear that may be exacerbated in the coming trading session due to what
the Federal Reserve explained yesterday.
HEAVY NEWS; BIG GAINS
1st of May 2013
US markets continued to push higher again creating new all-time highs. But on the other hand, some pressure is being created on the US dollar. Despite the EUR/USD heading back up over 1.31 yesterday and looking to carry on even higher, things for US stocks couldn’t really be much better. Yesterday, the S&P stock index headed higher by a quarter of a percent up to 1597. The index closed very near its high of the day which leads us to believe that even more is on the way today. Binary options traders who have been trading the index of late should have again been able to take Up options on the break. Each time the market heads higher above a resistance, it doesn’t backtrack and makes it very easy for traders to make easy money on this index. This has been the case for months with the S&P and is the reason why despite other indices providing many more signals, trading the S&P has simply been safer and nearly no risk trading for much of this time.
30th of April 2013
The US markets again recorded new all-time highs and the pressure to create more is getting even higher. The S&P reached a new all-time high of 1593 after rising 0.72% on the day and was led by strong economic data about the housing market as well as a very good session for tech and energy stocks. According to Yahoo Finance (http://finance.yahoo.com/news/stock-futures-higher-ahead-data-115148386.html), “Stronger-than-expected housing data also boosted the market, as did Italy's formation of a new government, ending months of uncertainty and raising hopes for new policies to promote growth in the euro zone's third-largest economy. Wall Street followed European stocks higher as Italian Prime Minister Enrico Letta urged a focus on growth policies and away from austerity measures in his inaugural speech.”
TRADING THE TREND
29th of April 2013
options trader watched as the US markets slightly corrected back
downwards on Friday and are probably wondering whether this is the
beginning of a wider weakening of the markets or if it’s just a
temporary pull back attributed to profit taking and nothing more. The
question is valid but for binary traders, the answer may reveal little
more in the way of assisting an existing trading strategy. You see, down
or up, the market is going to do its thing and it’s entirely up to the
trader to know how to navigate those waters regardless of the direction.
25th of April 2013
Yesterday, after some poor economic data in the US, markets in the US just stopped moving higher or lower and ended at or around break even for the day. The S&P finished exactly at a 0% change for the day, leaving the index above key support and looking higher in the coming trading day. The index is at the 1578 level now and we expect that barring any bad results for the US data today, things should trend further higher. The Dow lost a bit on the day falling 0.29% to 14676 and the Nasdaq too was near break-even with a rise of 0.01% to 3269. Binary options traders who wish to blame any one specific even can probably point it on the release of the Durable Goods Orders in the US, which was negative.
BACK ON THE RISE
24th of April 2013
The markets in the US again headed higher as the S&P
broke past 1575 and is heading towards record levels again. We explained
yesterday that Tuesday was the likely day that the level would be at least
tested and that any break would warrant Up options. Beyond being correct in our
analysis, we noticed that the reports from the dealing room showed a sharp
spike in volume for the S&P with binary options yesterday. It looks as
though traders were patient and waited strictly for the break, not taking the bait
when the market tested the level early in the session. Nearly all other major
stock indices also rose yesterday allowing GOptions’ volume to reach a new
record for 2013.
CHINA PUSHES ASIA DOWN
23rd of April 2013
Stocks in the US headed higher yesterday and are lining themselves in a positive formation for the coming days. It seems like the negativity in the US is behind us but we are very concerned that despite a modest rise yesterday, things will again grind to a halt due to negative data in China. Most of the drop we saw last week was due to the Boston bombings but also due to the sudden and surprising drop in China’s GDP. So obviously, any data from China will be watched closely. For binary options traders who have been trading the Asian session today, the effect of bad Chinese data is clear as all the major indices are heading down with the Hang Seng (Hong Kong) stock index already sown well over 1.2%.
BINARY OPTIONS WITH CAC 40
22nd of April 2013
have decided that things aren’t so bad after all and headed higher on
Friday. In the US, it was the Nasdaq that led the charge higher with a
1.25% rise higher to 3206. The Dow was barely changed on the day, rising
only 0.07% to 14547 but the S&P did manage to follow the tech index
and post a 0.88% increase to 1555. Things in the US were helped
slightly by a fair day in Europe which showed indices trending higher
towards the end of the trading session. Binary options traders were very
active trading the CAC yesterday, where we saw an increase of 40% in
volume for the day as the index jumped 1.46% to 3651. Most of the
interest in the index probably came about due to even being higher
earlier in the session and today, the index could post even more
increases as it looks to break past the resistance 3660,
19th of April 2013
Markets continued to slide downward again yesterday and it seems like the party is over for the optimistic investors of the world. For the 4th day in 5 trading sessions, US markets dropped. But in Europe, they were mostly down as well. The UK’s FTSE index was actually up early and we saw a rise in binary options trading volume ,but about 1 hour into the session, everything just headed down fast and the index lost all the gains while concluding the session down 0.01% to 6243. The DAX had a negative finish as well closing the session down 0.39% to 7473. It seems as though nothing is capable of creating any positive momentum at the moment and no good news is even making it into the media channels.
18th of April 2013
Over the last few days, binary options trader can’t help but
notice the incredible highs and lows being reached by assets of all types. Just
a day after stocks rebounded strongly with the S&P rising over 1.2%,
yesterday thing turned again to the down side and making us believe that the
uptrend is headed for an end. The S&P fell 1.43% to 1552 and this should
have allowed binary traders to take Down options when the index fell below
1565. As has been the case for months now, supports and resistances for the
index have been very clear and easy to recognize. So each time the equity index
hops over the level (resistance or support), traders have been able to take
full advantage with Up and Down options. Yesterday, the down options prevailed,
sending the index to a low for the week. Part of the hard fall for the index
was attributed to Apple stock falling below 400, but more on that later. Other
major losers for the day was the Nasdaq index which fell 1.84% in its biggest
single day loss in months.
BACK ON TRACK
17th of April 2013
in the US tried to return to some semblance of normalcy, just 24 hours
after the explosions that killed 3 and maimed 150 in Boston. The major
US indices headed higher after a sharp sell off the previous day as they
showed great resilience. The S&P climbed higher by 1.43% to 1574.
The index again showed how important the 1565 support/resistance level
is. Each time binary options traders see a break of the level in either
direction, the ability to take a trade in the direction of the break is
made increasingly easy. The DOW headed higher as well by 1.08% to 14756
and the Nasdaq headed up by 1.5% to 3264.
BOMBS GO OFF IN BOSTON; MARKET DROPS
16th of April 2013
2 bombs were set off at the end of the Boston Marathon yesterday and markets took a very long fall thereafter. To be honest, the markets were already down for the day on news that the Chinese economy was slower than previously expected. China’s GDP was reported yesterday over 12 hours prior to the opening of the US market and showed that the economy in the world’s second largest economy slowed to a 7.7% pace as compared to expectations for an 8% reading. The difference is rather large and as such, markets across the globe took a tumble. Binary options trades were witness to the drop in European stocks earlier in the session.
IN THE RED
15th of April 2013
On Friday, things began to unravel very early in the US session. The US financial markets showed that heading only up had to take a break for at least one day as the major indices headed downward with a minor corrective move. The S&P fell 0.28% to 1588, the Nasdaq lost 0.16% to 3294, as the Dow basically broke even and remained at 14856. This was to be expected although we admit, we thought we’d have one more easy trade on each of these indices as they were though to be able to make another break to an all-time high. Alas, it wasn’t to be. But on the bright side, binary options traders should have done well on the day as nearly everything was in the red.
TENSION LEADS TO PROFITS
12th of April 2013
Despite increasing tension between the US and North Korea, financial
markets are carrying on higher and higher. Yesterday was no exception and even
though Pentagon officials in the US have concluded that he likelihood that the
North Koreans have the ability to launch a nuclear-armed missiles. It’s
although not proven to have this ability, but it is now being assumed and as
such, the nervousness surrounding the rogue nation is considered at an all-time
high. But all-time highs are not foreign to the financial markets and binary
options traders should be taking full advantage.
11th of April 2013
at the S&P stock index, it’s hard to imagine there are any problems
anywhere on earth. Again, the stock index hit a record, this time
simply smashing all of the previous highs ever recorded as it climbed
impressively by 1.22% to 1587. On Tuesday, when we explained that the
1565 was likely to break and it did so, did you take an Up options and
make any money? And then when we explained that the 1575 level was
likely to break and it did so, did you take any Up options and make any
money? Probably not as our dealing room reported very low volume on both
the S&P and the Dow, which also reached an all time high after
climbing 0.88% to 14802. We are astounded by the very notion that these
high levels are seemingly striking fear in binary options traders.
DAX WITH BINARY OPTIONS TODAY
10th of April 2013
Markets in the US again headed higher. As we explained yesterday, the S&P was an easy target for binary options traders. The critical level was 1565 and the market simply jumped above the resistance and ended up closing on a very solid 0.35% to 1568. The Dow headed higher as well by 0.41% to 14673 as the Nasdaq jumped higher as well by 0.48% to 4237. Things in the US look to be back on track with the current uptrend seemingly back on firm ground. With no data to report on yesterday, things just took the route of heading higher without much fuss.
LOW RISK TRADING
9th of April 2013
Markets headed higher globally yesterday as it seems that things are returning to the type of reality we are used to. North Korea is still weighing heavy on South Korea and as such the KOPSI fell as did the South Korean Won, which dropped to its lowest level in 8 months. But other than this, nearly every major market in the world headed higher yesterday. In Japan, where the NIKKEI is still open, binary options traders are watching as the JPY continues to drop and the index itself is now up 0.11% to 13207.
MARKETS LOOKING TO MOVE
8th of April 2013
were surprisingly quiet about the way they took the miserable economic news
this past Friday. The Non Farm Payrolls (NFP) report was released amidst much
anticipation. For news traders, the release did not disappoint as the major
forex pairs pushed higher against the USD. In a matter of seconds the EUR/USD
was up higher nearly 70 pips and forex traders as well as binary options
traders should have been wickedly profitable on the release. The news was
clearly bad as the NFP showed that only 85k new jobs were created in the US
economy last month. This was despite market consensus for a reading of nearly
200k. On Thursday, the expectation was downgraded to 190k, but that did little
to suppress the pessimists from the sell-off of the USD come release time on
HEADING ON UP
5th of April 2013
not overly surprisingly, but US markets headed back higher yesterday
after a sharp drop on Wednesday. The S&P concluded the trading
session by heading closer to 1560 and closed at 1559.98. It’s important
to note that the behavior of the S&P is similar to that seen earlier
in the year where the index would jump over and then below the support
level. This time, the level in question for binary options traders is
1565. It blew past the level last week only to head back below on
Wednesday but not it’s crawling back higher. A break above 1565 will
allow binary traders to again take Up options and this time with very
DATA PUSHES MARKETS LOWER
4th of April 2013
data topples the momentum and sends US stocks down sharply yesterday.
The ADP Employment change indicator showed that only 158k new jobs were
created in the US economy. Economists were expecting a reading closer to
the previous mark of 198k but the 158k we got wasn’t even close and as
such, it has put stress on the markets. The bigger issue now is that
continuing the uptrend will be very difficult today seeing as how
investors in the binary options, stock and forex markets will all be
waiting for the release of the US Labor Department’s NFP report this
Friday. Binary options traders will likely be on the lookout for good
opportunities which may be very hard to come by in the direction of the
3rd of April 2013
The S&P was just a couple of points from reaching the all time high reached back in 2007 at the 1575 level. It didn’t quite make it and the index closed the session up 0.52% to 1570. For reversal strategists, that should have at least 4-5 profitable trades using Down binary options each time the level was tested. But most may not have even tried this as it was a very risky move yesterday. Others may have opted for Up options on the Dow, which headed higher by 0.61% to 14662 and reached yet another new high. The Dow shows no signs of slowing down and just keeps climbing despite the insecurity and worry surrounding Europe.
1st of April 2013
Despite many markets being closed today for Easter, the forex pairs have started the week in a rush to the sell side of the EUR. The currency pair EUR/USD opened the trading week dropping about .3% to 1.2781. The day started out with the pair dropping immediately nearly 18 pips and the just continued all the way to its current level. The pair dropped as low as 1.2872 but since has been recovering slightly. For the day ahead, with nearly no news for the day ahead, trading is being based on the momentum from last week and looks to be continuing based only on this today. As such, binary options traders would do well to follow the trends in place and not search for reversals or other trend breaking moves.
S&P HITS ALL TIME HIGH
29th of March 2013
The S&P made the move and if binary options traders were able to easily and with very low risk, take up options on the break of the index above the all time high. The index broke past 1565, a level set back in 2007as the all time high and many didn’t believe it would be broken in days like these with so much negativity and concern in Europe. With the Cyprus bailout still not out of the headlines and not even clear if the people of Cyprus will make a run on the banks or now, it’s just not a very simple or clear situation. It is thus surprising that US markets are able to fly in the face of pessimism, literally. The DOW and NASDAQ had great days as well.
NOT OVER YET
28th of March 2013
Cyprus being old news already, some investors across the globe are very
concerned with how things in the country will affect the rest of Europe
today. Banks in Cyprus are expected reopen today but very tight
restrictions are expected to be in place to thwart any possible run on
the banks. People are obviously lacking confidence in the banks, in
their government and in the EU. But the real worry now is that those
funds will be locked away for months or maybe even years. So long as the
country is under the weight of a recessionary economy, economists
believe that the central bank of Cyprus will not be lifting these
restrictions which will likely just keep the economy stressed.
AND THEY’RE OFF
27th of March 2013
The markets in the US and Europe seem to have completely turned their backs on the disaster that is Cyprus and as a result, the DOW reached a new record high as the S&P nearly reached one of its own. In the US, the S&P closed the session just 2 points off the all time high of 1565 at 1563. Although we expected binary options traders to be able to take advantage of a break on this index yesterday, it looks as though today will be the day. The Dow has already pulled up well beyond the highs from back in 2007 and this should help create even more momentum heading into the trading day ahead.
CYPRUS BAILOUT OUT BUT….
26th of March 2013
now the world should be quite pleased with a simple and yet miserable
solution to the Cyprus banking crisis. A bank will shut down, thousands
of people will lose uninsured money in the bank, and bondholders will
get nothing. However, on Monday, when the intricate details of this news
were made clear though, markets started taking a nose dive. Binary
options traders watched the markets probably hoping for a continuation
of the rally but got a dropping one instead.
TURNING ITS BACK ON CYPRUS
25th of March 2013
Markets have their sights set on heading higher, good new or not. This past week saw Cyprus take the front seat on all economic news, only to be relegated shortly thereafter to the rubbish bin of economic headlines. Although European markets were very missed as the FTSE headed slightly higher on Friday by 0.07% to 6392 while the DAX dropped 0.27% to 7911, US markets were completely heading to the upside. The EUR too was helped higher by a complete lack of interest in the Cyprus bailout debacle, the US markets too rallied again and watched as the S&P narrowed the gap between itself and a new all-time high.
Can’t Stop The Fear
22nd of March 2013
Worries regarding Cyprus couldn’t be ignored any longer. Just a couple of days ago, it seemed as though the markets across the globe were quite happy to head higher based on locally based solid economic data. However, global concerns eventually prevail and that’s exactly what has happened yesterday and may continue into the new trading day today.
SHRUGGING IT OFF
21st of March 2013
Cyprus doesn’t seem to have any more impact on the markets as the US got back to focusing on itself and its uptrend. The US stocks headed higher yesterday, after a few mixed or losing days, the US stock markets returned to their usual stance. The S&P headed higher by 0.67% to 1558 and is now just 7 points off of its all time high. So long as the US markets continue to take the optimistic approach of “everything will work itself out” over in Europe, then we are very likely to see this new all-time high sometime today or tomorrow. Any break above 1565 will allow binary options traders to take Up options with relatively no risk.
20th of March 2013
Cyprus and its bailout are still sending shivers through the financial markets. Yesterday, the Cypriot parliament rejected a prospective tax on bank deposits as a condition for bailout aid from the European Union. The decision was an overwhelmingly one sided affair and this has left the situation just as bleak as it was before the decision to levy the tax. Now that the bailout is in further disarray, binary options traders are left wondering, what will happen if things fall apart? The question is a valid one but markets, even with the knowledge that the Parliament had shut down the proposal and left the country ever closer to perilous danger of bankruptcy and collapse, were able to maintain relative calm.
CYPRUS DEAL SCARES ALL
19th of March 2013
Cyprus scares the markets into a free-fall. Cyprus yesterday announced that they will be putting their hands into the bank accounts of ordinary Cypriot citizens and levying a tax of 3-15% on deposits in banks in an attempt to save the country from financial collapse. The fine details have yet to be known as many facets of this are still in flux. Just yesterday, the tax was said to be 6.75% on deposits of 100k EUR or less. But now that number seems to have settled on 3%. But it is yet unclear if this tax will be solely levied on savings and closed deposits or rather on any funds held in Cypriot banks. Binary options traders, who have a trading account with GOptions, have nothing to worry about however. Your funds are being held and any levy of any tax will be covered by GOptions in full.
HIT FROM ALL SIDES
18th of March 2013
Friday turned out to be a bust for US markets as after 10 consecutive days, the Dow finally had a “red” day. The stock index fell slightly by 0.17% to 14514 as the S&P lost 0.16% to 1560. The S&P didn’t manage to reach the 1565 all time high but reversal strategies with binary options, if employed, worked out to be a very profitable strategy indeed as the index tried to break through a few time but failed. The news of the day wasn’t really to blame as most of the markets’ drops were actually attributed to the worry regarding the Cyprus bailout package.
GOING FOR 11
15th of March 2013
Dow headed higher again yesterday for the 10th straight positive finish
in a row. This hasn’t happened since 1996 and with good jobs data and a
general feeling of optimism, it’s hard to believe we won’t go for #11
today. Yesterday, binary options traders watched as the markets in the
US again rallied higher and without any bad news, the markets were left
to do their thing and head upwards. The Dow finished 0.58% higher to yet
another all-time high and closing at 14539. The S&P closed just 2
points shy of its all time high of 1566 after closing at 1563. The all
time high for the S&P, that which was achieved but never reached at
closing is a bit farther at 1575.
14th of March 2013
Non believers were again provided ample proof that this uptrend is real and not going anywhere. Added to the mix was some more positive fundamental data in the form of Retail Sales data. The economic indicator showed a 1.1% increase in retail sales in the US as compared to an expectation of just 0.5%. Furthermore, the previous figure from February was revised upwards as well to 0.2%. The overwhelming feeling in the market is of strength. However, binary options traders will be quick to point out that the Dow, which did record its 9th straight increase, only headed higher by a figure of 0.04%. The Dow created yet another new high but retreated slightly towards the end of the day. The S&P headed higher by 0.13% to 1554 and the Nasdaq rose 0.09% to 3245.
ANY DIRECTION WILL DO
13th of March 2013
Markets were mixed yesterday despite a real lack of news. The S&P lost 0.24% to 1552 and the Nasdaq dropped 0.32% to 3242. But the DOW was to strong and remained in positive territory albeit rising just 0.02% to 14450. However, a good day is a good day. Problem now is that this minor correction in the S&P and Nasdaq could both drag down the Dow and even create some momentum to further extend the corrective move. Binary options traders will be able to enter the market based on a few opportunities now.
12th of March 2013
Markets headed higher again yesterday despite a very quiet news day. No major events yet the investors of the world continued to buy into the momentum generated this past Friday when the Non Farm Payrolls report showed a very impressive and surprising figure. Binary options traders are probably having some trouble taking advantage seeing as how our dealing room saw a drop in index volume by nearly 27% yesterday vs. normal levels of trading. This could be due to the fact that the Dow Jones stock index, which closed up 0.35% to 1447, is simply heading straight up without a minor correction along the way. Most day traders are accustomed to trading trends that exhibit a classic uptrend pattern whereby a daily candlestick graph has a few bars heading up then one or two correcting downwards followed by another bar or more heading back up to break the previous high.
HEADING ON UP
11th of March 2013
The Non Farm Payrolls report this past Friday sent the markets into a frenzy as the release showed an incredible figure of 236 thousand new employees in the US economy. Just for comparative purposes, the markets expected a figure of only 160k but this new number was almost double that of last month’s 119k. Truly incredible results for the US economy. What’s more is that the unemployment rate in the US also fell by 0.2% to 7.7%. Markets were not expecting this either and the general result was an uplifting and positive atmosphere for trading US stock indices. The DOW, S&P and Nasdaq all headed higher. The Dow recorded it’s 3rd day in a row at all time highs and this is starting to heat up the debate about the direction and pace of the incline.