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Markets finally took a much needed break and binary options traders got a glimpse of a minor correction in the US stock markets. In addition, over the last 72 hours, the USD has hit a snag and has been unable to make any gains above those made last week. But no major breaks were seen and as such, binary options traders focused on the indices. Unfortunately, despite a great formation on the daily charts for the major US indices, the markets weren’t having any of it and binary options weren’t able to take up options on any breaks simply because they never came. Now, it might take a few days to get back into such a position again. The reason is, it will be hard today for the market to make much in the way of progress considering the expected drop in volumes due to the observation of the Yom Kippur holiday.


Earlier this week, we reported on the possibility of a major break to the upside by Boeing stock, while it didn’t actually happen on Tuesday, the day of the report, it did occur yesterday. The stock, as expected by our team, blasted off right past the resistance and set up a very low risk and profitable up option for binary traders. The stock is now just above it’s all time high and looks to continue strengthening with good fundamentals and a solid technical outlook. Binary options traders can again focus on the stock as it looks to break its own record highs now. 110.22 is the resistance level at the moment and a break will allow the use of up options with low risk expected. However, despite our current assessment of risk levels, things are very dynamic and require binary options traders to take their risk seriously.


Boeing with binary options 13-9-2013

Boeing with binary options 13-9-2013



We recommend opening the charts prior to taking any trade. While open, use the MACD to gauge the probability of a reversal. The more likely the reversal, the less inclined you should be to open a trade going in the direction of the trend.


The RSI is also a valuable tool to use when gauging your risk level. In this case, you want the RSI in the direction of the market trend or in the direction of the trade. It’s important to note that some trades use the RSI as a means of gauging overbought and oversold levels. But these are more useful for being utilized using reversal strategies and not for break strategies.


Note that today, market analysis might end up focusing somewhat on the news expected for the day. The market will see the release of the PPI in the US as well as the Retail Sales figures for the previous month. For the Retail Sales, markets are expecting a rise and this could place a decent amount of upward pressure on the USD and stock indices if in fact we get a figure of 0.4% or higher

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