Market is still volatile & has not settled, went up to 1694, down to 1687, up to 1698 & down to 1686
Too risky to trade today
Trusted Binary Options Brokers
Wednesday 31 July 2013
Stocks more volatile after FOMC statement
Fed says no tapering yet, as expected, but sees risk of disinflation
Market is still volatile & has not settled, went up to 1694, down to 1687, up to 1698 & down to 1686
Too risky to trade today
Market is still volatile & has not settled, went up to 1694, down to 1687, up to 1698 & down to 1686
Too risky to trade today
US economic events update
Chicago PMI
Actual: 52.3 Estimate: 53.7 Previous: 51.6
Federal Funds Rate
Actual: <0.25% Estimate: <0.25% Previous: <0.25%
Actual: 52.3 Estimate: 53.7 Previous: 51.6
Federal Funds Rate
Actual: <0.25% Estimate: <0.25% Previous: <0.25%
Stocks to Watch- Mastercard
Mastercard's earnings beat estimates, profits rose 21%
Stock is up from 601.42 to 620.00, reaching an all-time high
Although 620 might be too high, it could stay there for today or might even go higher
Because of all the uncertainty today, it would be a smart choice for investors to place their money on Mastercard, a company with strong profits
Stock is up from 601.42 to 620.00, reaching an all-time high
Although 620 might be too high, it could stay there for today or might even go higher
Because of all the uncertainty today, it would be a smart choice for investors to place their money on Mastercard, a company with strong profits
US economic reports update
ADP Non-Farm Employment Change
Actual: 200K Estimate: 179K Previous: 198K
Advance GDP q/q
Actual: 1.7% Estimate: 1.1% Previous: 1.8%
Advance GDP Price Index q/q
Actual: 0.7% Estimate: 1.1% Previous: 1.2%
Employment Cost Index q/q
Actual: 0.5% Estimate: 0.4% Previous: 0.3%
Actual: 200K Estimate: 179K Previous: 198K
Advance GDP q/q
Actual: 1.7% Estimate: 1.1% Previous: 1.8%
Advance GDP Price Index q/q
Actual: 0.7% Estimate: 1.1% Previous: 1.2%
Employment Cost Index q/q
Actual: 0.5% Estimate: 0.4% Previous: 0.3%
Stock Market Analysis
Today's the end of July & the economic calendar is quite heavy
Most important being FOMC statement, expect a lot of volatility today
Yesterday S&P 500 did follow the pattern from Monday again,
(rebound at 1684 & resistance at 1688) but because of a huge drop from 1688 to 1682 & the upcoming FOMC statement, market can be quite unstable & we did not take that risk
If everything goes as expected (no tapering yet), the stock market should continue to go up
If something wrong happens, like when the Japanese government decided to reconsider sales tax hike after bad economic news a few days ago, US stocks might plunge like Japan's did if the Fed makes a wrong move
Most important being FOMC statement, expect a lot of volatility today
Yesterday S&P 500 did follow the pattern from Monday again,
(rebound at 1684 & resistance at 1688) but because of a huge drop from 1688 to 1682 & the upcoming FOMC statement, market can be quite unstable & we did not take that risk
If everything goes as expected (no tapering yet), the stock market should continue to go up
If something wrong happens, like when the Japanese government decided to reconsider sales tax hike after bad economic news a few days ago, US stocks might plunge like Japan's did if the Fed makes a wrong move
US economic events 31 July 2013
8:15am
ADP Non-Farm Employment Change
8:30am
Advance GDP q/q
Advance GDP Price Index q/q
USD Employment Cost Index q/q
9:45am
Chicago PMI
2:00pm
FOMC Statement
Federal Funds Rate
ADP Non-Farm Employment Change
8:30am
Advance GDP q/q
Advance GDP Price Index q/q
USD Employment Cost Index q/q
9:45am
Chicago PMI
2:00pm
FOMC Statement
Federal Funds Rate
Tuesday 30 July 2013
Stock Market Analysis 30 July 2013
Yesterday, S&P 500 was going up until 1688, dropped to 1684.39 10 minutes before closing, then rebounded again, but only up to 1685.33
This suggests stocks are still trying to go up but it'll be hard as some are selling because of FOMC statement tomorrow & Non-Farm Payrolls on Friday
We should also avoid trading near end of day as stocks are getting volatile, especially before market closes
Today, S&P 500 opened too high at 1692, managed to stay above 1690 until 11am EDT before it dropped
After the huge drop from 1688 to 1684, it might rebound but the market still remains unstable
The Treasury has said it will cut debt sales, which gives the Fed a chance to taper its easing program
The market might be reacting to this news & it's now not safe to trade until the impact of the news settles
Investors will be waiting for the Fed's clarification tomorrow
This suggests stocks are still trying to go up but it'll be hard as some are selling because of FOMC statement tomorrow & Non-Farm Payrolls on Friday
We should also avoid trading near end of day as stocks are getting volatile, especially before market closes
Today, S&P 500 opened too high at 1692, managed to stay above 1690 until 11am EDT before it dropped
After the huge drop from 1688 to 1684, it might rebound but the market still remains unstable
The Treasury has said it will cut debt sales, which gives the Fed a chance to taper its easing program
The market might be reacting to this news & it's now not safe to trade until the impact of the news settles
Investors will be waiting for the Fed's clarification tomorrow
US economic reports update
S&P/CS Composite-20 HPI y/y
Actual: 12.2% Estimate: 12.4% Previous: 12.1%
Actual: 12.2% Estimate: 12.4% Previous: 12.1%
Stocks to Watch- Pfizer
Pfizer's earnings beat estimates, stocks are up from 29.53 to 29.94, 30.00 might become resistance unless it breaks above it
US economic reports 30 July 2013
9:00am
S&P/Case-Shiller Composite-20 House Price Index y/y
10:00am
CB Consumer Confidence
S&P/Case-Shiller Composite-20 House Price Index y/y
10:00am
CB Consumer Confidence
Monday 29 July 2013
Buy S&P 500- won
29 July 2013 Free Binary Options Trading Signal:
Buy S&P 500 at 1684 (low risk)- 1686 (medium risk) for 4pm EDT end of day expiration
It looks like it's about to repeat the same pattern as Friday's, might try to reach 1690 again
Wait to see if it drops back to 1684, then buy if it rebounds
Result: won
S&P 500 closed at 1685.33
Although it only dropped below 1686 from 1687.11 10 minutes just before expiry, it rebounded at 1684.39
If you did exactly what we said & bought around 1684 when it rebounded before 2pm EDT, you would've won easily
Buy S&P 500 at 1684 (low risk)- 1686 (medium risk) for 4pm EDT end of day expiration
It looks like it's about to repeat the same pattern as Friday's, might try to reach 1690 again
Wait to see if it drops back to 1684, then buy if it rebounds
Result: won
S&P 500 closed at 1685.33
Although it only dropped below 1686 from 1687.11 10 minutes just before expiry, it rebounded at 1684.39
If you did exactly what we said & bought around 1684 when it rebounded before 2pm EDT, you would've won easily
Buy S&P 500 @ 1684-1686
Buy S&P 500 at 1684 (low risk)- 1686 (medium risk) for 4pm EDT end of day expiration
It looks like it's about to repeat the same pattern as Friday's, might try to reach 1690 again
Wait to see if it drops back to 1684, then buy if it rebounds
It looks like it's about to repeat the same pattern as Friday's, might try to reach 1690 again
Wait to see if it drops back to 1684, then buy if it rebounds
Stock Market Analysis
Stock futures are falling before markets open
Not much news or major earnings today
Pending Home Sales were better than estimates but worse than previous
Hertz only met estimates, Wynn Resorts missed estimates, both stocks are down during per-market
After markets opened, most stocks are trying to rebound
S&P 500 rebounded to 1690.5 but dropped quickly below 1690, 1690 seems to be a resistance for now
Google is hesitating at 890 but edging towards staying above 890
Not much news or major earnings today
Pending Home Sales were better than estimates but worse than previous
Hertz only met estimates, Wynn Resorts missed estimates, both stocks are down during per-market
After markets opened, most stocks are trying to rebound
S&P 500 rebounded to 1690.5 but dropped quickly below 1690, 1690 seems to be a resistance for now
Google is hesitating at 890 but edging towards staying above 890
Saturday 27 July 2013
Free Binary Options Strategies
The market is always changing, although we should make plans before
investing, we should also change & adapt to the market accordingly
Always follow the market when there's a clear trend & trade safely to minimize your losses
By doing that, we can find new opportunities to profit & save ourselves from unnecessary losses
Always follow the market when there's a clear trend & trade safely to minimize your losses
By doing that, we can find new opportunities to profit & save ourselves from unnecessary losses
Friday 26 July 2013
Buy S&P 500- won
26 July 2013 Free Binary Options Trading Signal:
Buy S&P 500 at 1684 (low risk)- 1686 (medium risk) for 4pm EDT end of day expiration
Result: won
S&P 500 closed at 1691.65
S&P 500 dropped back to 1684 & rebound, reaching 1690 easily
Earlier we planned on selling Amazon & Zynga too
But Amazon broke above 300 in a short time & was invalid
After analyzing market movements, we decided that it wasn't safe to sell Zynga anymore
Not selling Zynga at 3.0 also proved to be a good move as it closed at 3.01
Buy S&P 500 at 1684 (low risk)- 1686 (medium risk) for 4pm EDT end of day expiration
Result: won
S&P 500 closed at 1691.65
S&P 500 dropped back to 1684 & rebound, reaching 1690 easily
Earlier we planned on selling Amazon & Zynga too
But Amazon broke above 300 in a short time & was invalid
After analyzing market movements, we decided that it wasn't safe to sell Zynga anymore
Not selling Zynga at 3.0 also proved to be a good move as it closed at 3.01
Buy S&P 500 @ 1684-1686
Stocks look stable & going back up
Buy S&P 500 at 1684 (low risk)- 1686 (medium risk) for 4pm EDT end of day expiration
But do not sell Zynga at 3.0 since stocks are going up now
Selling Amazon's already invalid as it broke above 300 in a few minutes
Buy S&P 500 at 1684 (low risk)- 1686 (medium risk) for 4pm EDT end of day expiration
But do not sell Zynga at 3.0 since stocks are going up now
Selling Amazon's already invalid as it broke above 300 in a few minutes
Stocks to Watch- Zynga
Zynga's earnings beat (low) expectations but is still losing money & active users
It is also abandoning real-money gambling, which will further limit its revenue
Zynga's stock plunged from 3.5 to 2.9 & will most likely stay below 3.0
Look to sell Zynga around 3.0 if it stays below
It is also abandoning real-money gambling, which will further limit its revenue
Zynga's stock plunged from 3.5 to 2.9 & will most likely stay below 3.0
Look to sell Zynga around 3.0 if it stays below
US economic reports update 26 July 2013
Revised UoM Consumer Sentiment
Actual: 85.1 Estimate: 84.0 Previous: 83.9
Revised UoM Inflation Expectations
Actual: 3.1% Previous: 3.3%
Actual: 85.1 Estimate: 84.0 Previous: 83.9
Revised UoM Inflation Expectations
Actual: 3.1% Previous: 3.3%
Stocks to Watch- Amazon
Amazon reported a $7 million net loss & disappointing next quarter guidance
Stock dropped from 303.4 to 299.35, 300 might become resistance
Look to sell Amazon around $300 if it stays below
US economic reports 26 July 2013
9:55am
Revised UoM Consumer Sentiment
Revised UoM Inflation Expectations
Revised UoM Consumer Sentiment
Revised UoM Inflation Expectations
Thursday 25 July 2013
Stock Market Analysis 25 July 2013
No safe trades today
Facebook & Visa were stable but already too high to buy
General Motors dropped below 37.0 despite earnings beating estimates
Apple dropped below 440
Google dropped below 900, even 890
S&P 500 dropped below 1680 twice & looked weak, but shot back up & reached 1690 instead
Facebook & Visa were stable but already too high to buy
General Motors dropped below 37.0 despite earnings beating estimates
Apple dropped below 440
Google dropped below 900, even 890
S&P 500 dropped below 1680 twice & looked weak, but shot back up & reached 1690 instead
US economic reports update 25 July 2013
Core Durable Goods Orders m/m
Actual: 0.0% Estimate: 0.5% Previous: 0.5%
Durable Goods Orders m/m
Actual: 4.2% Estimate: 1.1% Previous: 3.7%
Unemployment Claims
Actual: 343K Estimate: 339K Previous: 336K
Actual: 0.0% Estimate: 0.5% Previous: 0.5%
Durable Goods Orders m/m
Actual: 4.2% Estimate: 1.1% Previous: 3.7%
Unemployment Claims
Actual: 343K Estimate: 339K Previous: 336K
Stocks to Watch- Facebook, General Motors, Visa, Apple, Google
Earnings:
Facebook's earnings beat expectations, surprising investors with strong mobile ad growth
Facebook surged more than 20% from 26.51 to 32.60
General Motors' earnings beat estimates on strong demand in US & cost cutting
General Motor jumped from 37.14 to 37.80
Visa's earnings & revenue beat estimates, analysts have a more positive outlook for its future
Visa leaped from 186.75 to 191.00
Strong key levels to watch:
Apple's stock price 440 is key level to watch
Pre-market is 440.74
Google unveiled an updated Nexus 7 & an Internet TV streaming device
Stock price at 900 should be a strong support
Pre-market is 900.02
Facebook's earnings beat expectations, surprising investors with strong mobile ad growth
Facebook surged more than 20% from 26.51 to 32.60
General Motors' earnings beat estimates on strong demand in US & cost cutting
General Motor jumped from 37.14 to 37.80
Visa's earnings & revenue beat estimates, analysts have a more positive outlook for its future
Visa leaped from 186.75 to 191.00
Strong key levels to watch:
Apple's stock price 440 is key level to watch
Pre-market is 440.74
Google unveiled an updated Nexus 7 & an Internet TV streaming device
Stock price at 900 should be a strong support
Pre-market is 900.02
US economic events 25 July 2013
8:30am
Core Durable Goods Orders m/m
Unemployment Claims
Durable Goods Orders m/m
8:45am
Treasury Sec Lew Speaks
Core Durable Goods Orders m/m
Unemployment Claims
Durable Goods Orders m/m
8:45am
Treasury Sec Lew Speaks
Buy/Sell Google- 4 wins
Trading Signals to watch:
Google is trading within the range of 900-910 as expected
Medium risk trades:
Try selling Google around 910 everytime it reaches 910 & drops
Buy Google around 900 everytime it rebounds
All for shortest expiration time (around 30 minutes)
Results:
There were 4 opportunities (marked in circles)
1st when it reached 910 & dropped @ 11:34am EDT, expiring at 907.3 @ 12pm EDT
2nd when it rebounded from 901 @ 1:42pm EDT, expiring at 902.75 @ 2pm EDT
3rd when it rebounded from 901 @ 3:20pm EDT, expiring at 902.90 @ 4pm EDT
4th when it rebounded from 901 @ 3:36pm EDT, expiring at 902.90 @ 4pm EDT
Resulting in 4 wins
Google is trading within the range of 900-910 as expected
Medium risk trades:
Try selling Google around 910 everytime it reaches 910 & drops
Buy Google around 900 everytime it rebounds
All for shortest expiration time (around 30 minutes)
Results:
There were 4 opportunities (marked in circles)
1st when it reached 910 & dropped @ 11:34am EDT, expiring at 907.3 @ 12pm EDT
2nd when it rebounded from 901 @ 1:42pm EDT, expiring at 902.75 @ 2pm EDT
3rd when it rebounded from 901 @ 3:20pm EDT, expiring at 902.90 @ 4pm EDT
4th when it rebounded from 901 @ 3:36pm EDT, expiring at 902.90 @ 4pm EDT
Resulting in 4 wins
Buy/Sell Apple- 1 win
Trading Signals to watch:
Buy Apple around 420 (low risk but unlikely to reach) or 430 (medium risk) if a pullback occurs,
for 4pm EDT end of day expiration
Try selling Apple everytime it reaches 440 & drops, for shortest expiration timeBuy Apple around 420 (low risk but unlikely to reach) or 430 (medium risk) if a pullback occurs,
for 4pm EDT end of day expiration
Results:
There was only 1 opportunity when Apple reached 440 at the opening & dropped
There was only 1 opportunity when Apple reached 440 at the opening & dropped
Shortest expiration time is 30 minutes interval, expiring at 437.12 @ 10am EDT
Resulting in 1 win
Wednesday 24 July 2013
Stock Market Analysis
S&P 500 plunged from 1698 to 1684
Nasdaq also dropped from 3606 to 3578
Even Boeing dropped below 107 after posting strong earnings that beat expectations
It should at least stay above 107 today, but after breaking below, we're not so sure anymore
Apple & Ford are quite stable, but their prices are too high & we don't think they can go any higher
Not safe to buy at high prices & they might even drop later because they can't go up anymore
Google is on a roller coaster ride
Went up to 909, down to 902.4, up to 910 & down again
Resistance at 910 is strong, support should be at 900
Buy at support, sell at resistance
Stock market is quite unstable now, take advantage of its ups & downs using short term trades, especially on Google
However, selling should be our priority today as the market might go down even further, supports can be broken
S&P's rebound at 1688 was weak & is now below it, no signs of stronger rebounds yet
Nasdaq even broke below 3580
Nasdaq also dropped from 3606 to 3578
Even Boeing dropped below 107 after posting strong earnings that beat expectations
It should at least stay above 107 today, but after breaking below, we're not so sure anymore
Apple & Ford are quite stable, but their prices are too high & we don't think they can go any higher
Not safe to buy at high prices & they might even drop later because they can't go up anymore
Google is on a roller coaster ride
Went up to 909, down to 902.4, up to 910 & down again
Resistance at 910 is strong, support should be at 900
Buy at support, sell at resistance
Stock market is quite unstable now, take advantage of its ups & downs using short term trades, especially on Google
However, selling should be our priority today as the market might go down even further, supports can be broken
S&P's rebound at 1688 was weak & is now below it, no signs of stronger rebounds yet
Nasdaq even broke below 3580
Trading signals to watch- Google
Google is trading within the range of 900-910 as expected
Medium risk trades:
Try selling Google around 910 everytime it reaches 910 & drops
Buy Google around 900 everytime it rebounds
All for shortest expiration time (around 30 minutes)
Medium risk trades:
Try selling Google around 910 everytime it reaches 910 & drops
Buy Google around 900 everytime it rebounds
All for shortest expiration time (around 30 minutes)
Flash Manufacturing PMI update
Flash Manufacturing PMI
Actual: 53.2 Estimate: 52.5 Previous: 51.9
Better than expected, stocks should go up today with most earnings beating estimates
Actual: 53.2 Estimate: 52.5 Previous: 51.9
Better than expected, stocks should go up today with most earnings beating estimates
Stocks to watch- Boeing, Ford, Google
Boeing's earnings beat estimates & raised its future earnings expectations
Boeing jumped from 107.79 to 109.70 & looks to reach 110
Ford's earnings also beat estimates & raised its forecast for this year
Ford jumped from 16.94 to 17.50 & should stay above 17 today
Google is expected to reveal a new tablet today
Google is up from 903.80 to 905.9 & is expected to trade within the range of 900-910
Boeing jumped from 107.79 to 109.70 & looks to reach 110
Ford's earnings also beat estimates & raised its forecast for this year
Ford jumped from 16.94 to 17.50 & should stay above 17 today
Google is expected to reveal a new tablet today
Google is up from 903.80 to 905.9 & is expected to trade within the range of 900-910
Trading Signals to watch: Apple's stock price analysis
Apple's stock went up too high from 418.99 to 436.00
We'll see if there's a pullback or if it can continue going up higher, it might try to reach 440 & face resistance
Trading Signals to watch:
Buy Apple around 420 (low risk but unlikely to reach) or 430 (medium risk) if a pullback occurs,
for 4pm EDT end of day expiration
It can still stay above 430 but 420 is a stronger support
Medium risk trades:
Try selling Apple everytime it reaches 440 & drops, for shortest expiration time
If it doesn't break above, it should stay below it for quite a while or even drop further
If it breaks above 440, do not sell or buy anymore
Although it could still go higher, it's too risky to buy at such a high price
Short term traders might sell & take profit today
We can buy tomorrow if 440 becomes a support, but it's too soon to buy today
Short term stock price: too high (range was around 419-435)
Long term stock price: too low, Apple is still down more than 35% from its peak & considered undervalued
We'll see if there's a pullback or if it can continue going up higher, it might try to reach 440 & face resistance
Trading Signals to watch:
Buy Apple around 420 (low risk but unlikely to reach) or 430 (medium risk) if a pullback occurs,
for 4pm EDT end of day expiration
It can still stay above 430 but 420 is a stronger support
Medium risk trades:
Try selling Apple everytime it reaches 440 & drops, for shortest expiration time
If it doesn't break above, it should stay below it for quite a while or even drop further
If it breaks above 440, do not sell or buy anymore
Although it could still go higher, it's too risky to buy at such a high price
Short term traders might sell & take profit today
We can buy tomorrow if 440 becomes a support, but it's too soon to buy today
Short term stock price: too high (range was around 419-435)
Long term stock price: too low, Apple is still down more than 35% from its peak & considered undervalued
Stocks to Watch- Apple
Apple's earnings beat (low) expectations, revenue was quite flat
Nonetheless, Apple jumped from 418.99 to 436.00
Investors might be counting on Apple inventing new devices later this year
Nonetheless, Apple jumped from 418.99 to 436.00
Investors might be counting on Apple inventing new devices later this year
Tuesday 23 July 2013
Buy Netflix- won
23 July 2013 Free Binary Options Trading Signal:
Buy Netflix above 250 if it stays above, for 4pm EDT end of day expiration
Result: won
Netflix closed at 250.26
Because it shot up to 260 in 10 minutes at the opening, we did not buy yet as we preferred slow & steady price movements
We waited till it drop before buying & won
Buy Netflix above 250 if it stays above, for 4pm EDT end of day expiration
Result: won
Netflix closed at 250.26
Because it shot up to 260 in 10 minutes at the opening, we did not buy yet as we preferred slow & steady price movements
We waited till it drop before buying & won
US economic reports 23 July 2013
House Price Index m/m
Actual: 0.7% Estimate: 0.9% Previous: 0.5%
Richmond Manufacturing Index
Actual: -11 Estimate: 7 Previous: 8
Both are worse than expected
Although these economic news are not so important, it might've helped in pulling stocks that are too high down
S&P 500 dropped from 1698.67 to 1694.30
Actual: 0.7% Estimate: 0.9% Previous: 0.5%
Richmond Manufacturing Index
Actual: -11 Estimate: 7 Previous: 8
Both are worse than expected
Although these economic news are not so important, it might've helped in pulling stocks that are too high down
S&P 500 dropped from 1698.67 to 1694.30
Netflix jumped from 251 to 260 in 10 minutes
As expected, Netflix jumped from 251 to 260, but it happened too fast, in only 10 minutes
So we now expect a pullback, but it should still stay above 250, almost a sure win in just 10 minutes
So we now expect a pullback, but it should still stay above 250, almost a sure win in just 10 minutes
Buy Netflix above 250
250.93 (pre-market) is too low for Netflix, which earnings & revenue beat estimates
Buy Netflix above 250 if it stays above, for 4pm EDT end of day expiration
It should go higher & might even reach 260
Buy Netflix above 250 if it stays above, for 4pm EDT end of day expiration
It should go higher & might even reach 260
Stocks to Watch- Apple, Netflix
Apple will announce its earnings today, after market closes
Apple is up from 426.31 to 427.60, expect high volatility when market opens
Netflix reported earnings & revenue that beat estimates but subscriber numbers missed
Netflix dropped to 261.96 to 250.93
Apple is up from 426.31 to 427.60, expect high volatility when market opens
Netflix reported earnings & revenue that beat estimates but subscriber numbers missed
Netflix dropped to 261.96 to 250.93
Monday 22 July 2013
Trading Signals results 22 July 2013
Trading Signals to watch:
Buy McD at 97.5 if it stays above & doesn't break below
Buy Apple above 425 if it stays above & doesn't break below
Buy Amazon above 306.00 if it stays above & doesn't break below
Results:
Buy McD at 97.5: won
McD stayed above 97.5 from 1pm-3pm EDT & closed at 97.58
Buy Apple above 425: won
Apple stayed above 425 the whole time & closed at 426.31
Buy Amazon above 306: invalid
Amazon opened too high at 309, dropped & did not stay above 306 for the rest of the day, closing at 303.48
Buy McD at 97.5 if it stays above & doesn't break below
Buy Apple above 425 if it stays above & doesn't break below
Buy Amazon above 306.00 if it stays above & doesn't break below
Results:
Buy McD at 97.5: won
McD stayed above 97.5 from 1pm-3pm EDT & closed at 97.58
Buy Apple above 425: won
Apple stayed above 425 the whole time & closed at 426.31
Buy Amazon above 306: invalid
Amazon opened too high at 309, dropped & did not stay above 306 for the rest of the day, closing at 303.48
Trading Signals to watch- McD, Apple, Amazon
McD's stock price of 97.53 is too low today
Buy McD at 97.5 if it stays above & doesn't break below
Apple's should find support at 425 today, after dropping 9 points from 434 on Friday
Buy Apple above 425 if it stays above & doesn't break below
Amazon's 306.00 might become support
Buy Amazon above 306.00 if it stays above & doesn't break below
All for 4pm EDT end of day expiration
Buy McD at 97.5 if it stays above & doesn't break below
Apple's should find support at 425 today, after dropping 9 points from 434 on Friday
Buy Apple above 425 if it stays above & doesn't break below
Amazon's 306.00 might become support
Buy Amazon above 306.00 if it stays above & doesn't break below
All for 4pm EDT end of day expiration
Stocks to Watch- McD, Apple, Amazon
McD reported a lower than expected earnings & dropped from 100.27 to 97.92
Earnings was $1.38 a share instead of the estimate $1.40, up from $1.32 last year, revenue rose from $7.08 billion from $6.92 billion
McD also announced dividends on Friday
Will McD rebound like Google did?
Apple is testing larger screens for iPhones & iPads, finding more ways to attract consumers
Apple will announce earnings on Tuesday, after markets close
Apple's stock is up from 424.95 to 426.46
Amazon won A $600 million cloud computing contract with the CIA
Amazon's stock is up from 305.23 to 306.00
Earnings was $1.38 a share instead of the estimate $1.40, up from $1.32 last year, revenue rose from $7.08 billion from $6.92 billion
McD also announced dividends on Friday
Will McD rebound like Google did?
Apple is testing larger screens for iPhones & iPads, finding more ways to attract consumers
Apple will announce earnings on Tuesday, after markets close
Apple's stock is up from 424.95 to 426.46
Amazon won A $600 million cloud computing contract with the CIA
Amazon's stock is up from 305.23 to 306.00
Friday 19 July 2013
Trading Signals results 19 July 2013
Trading Signals to watch:
Sell (Double) S&P 500 if it breaks & stays below 1687 (resistance found)
Sell (Double) AMD if it breaks & stays below 4.00 (resistance found)
Sell Nasdaq if it breaks & stays below 3580 (support found, will drop a lot if broken)
Sell Google if it breaks & stays below 880 (support found, will drop a lot if broken)
Sell Microsoft if it breaks & stays below 32 (support found, will drop a lot if broken)
Confirmed & updated trading signals:
Google's new resistance is currently at 900 (Sell Google @ 900)
Microsoft is a confirmed sell as it broke & stayed below 32 (sell again if it barely reaches 32 & drop again)
AMD is a confirmed sell as it broke & stayed below 4.0
S&P 500 & Nasdaq are still trying to stay above 1687 & 3580
Results:
Invalid signals:
Sell S&P 500 (invalid as it did not stay below 1687)
Sell Nasdaq (invalid as it did not stay below 3580)
Sell Google @ 880 (invalid as it did not stay below 880)
Confirmed signals:
Sell AMD (lost) AMD closed at 4.03
AMD stayed below 4.0 for the most of the time & only went above 4.0 just a few minutes before it closed
Sell Google @ 900 (won) Google closed at 896.60
Sell Microsoft (won) Microsoft closed at 31.40
Sell (Double) S&P 500 if it breaks & stays below 1687 (resistance found)
Sell (Double) AMD if it breaks & stays below 4.00 (resistance found)
Sell Nasdaq if it breaks & stays below 3580 (support found, will drop a lot if broken)
Sell Google if it breaks & stays below 880 (support found, will drop a lot if broken)
Sell Microsoft if it breaks & stays below 32 (support found, will drop a lot if broken)
Confirmed & updated trading signals:
Google's new resistance is currently at 900 (Sell Google @ 900)
Microsoft is a confirmed sell as it broke & stayed below 32 (sell again if it barely reaches 32 & drop again)
AMD is a confirmed sell as it broke & stayed below 4.0
S&P 500 & Nasdaq are still trying to stay above 1687 & 3580
Results:
Invalid signals:
Sell S&P 500 (invalid as it did not stay below 1687)
Sell Nasdaq (invalid as it did not stay below 3580)
Sell Google @ 880 (invalid as it did not stay below 880)
Confirmed signals:
Sell AMD (lost) AMD closed at 4.03
AMD stayed below 4.0 for the most of the time & only went above 4.0 just a few minutes before it closed
Sell Google @ 900 (won) Google closed at 896.60
Sell Microsoft (won) Microsoft closed at 31.40
Stock market rebounding but weak
The stock market is trying to rebound but should fail as there are no new catalysts to support it
Google leading the way by jumping from 880 to 900, new resistance found at 900
Google is still a favorite & it still has strong earnings potential despite missing estimates
S&P 500 reached 1689 but looks weak as it drops back to 1687
AMD tried to break above 4.0 but failed, it's now staying barely under 4.0 @ 3.98
Microsoft reached 32.5 at 1 point but dropped back to 32.0 & broke below it to 31.5
Nasdaq went up to 3585 but is now back at 3580
Strongest stock: Google
Weakest stock: Microsoft
Google's new resistance is currently at 900 (Sell Google @ 900)
Microsoft is a confirmed sell as it broke & stayed below 32 (sell again if it barely reaches 32 & drop again)
AMD is a confirmed sell as it broke & stayed below 4.0
S&P 500 & Nasdaq are still trying to stay above 1687 & 3580
Google leading the way by jumping from 880 to 900, new resistance found at 900
Google is still a favorite & it still has strong earnings potential despite missing estimates
S&P 500 reached 1689 but looks weak as it drops back to 1687
AMD tried to break above 4.0 but failed, it's now staying barely under 4.0 @ 3.98
Microsoft reached 32.5 at 1 point but dropped back to 32.0 & broke below it to 31.5
Nasdaq went up to 3585 but is now back at 3580
Strongest stock: Google
Weakest stock: Microsoft
Google's new resistance is currently at 900 (Sell Google @ 900)
Microsoft is a confirmed sell as it broke & stayed below 32 (sell again if it barely reaches 32 & drop again)
AMD is a confirmed sell as it broke & stayed below 4.0
S&P 500 & Nasdaq are still trying to stay above 1687 & 3580
Trading Signals to watch 19 July 2013
Sell (Double) S&P 500 if it breaks & stays below 1687 (resistance found)
Sell (Double) AMD if it breaks & stays below 4.00 (resistance found)
Sell: Nasdaq if it breaks & stays below 3580 (support found, will drop a lot if broken)
Sell Google if it breaks & stays below 880 (support found, will drop a lot if broken)
Sell Microsoft if it breaks & stays below 32 (support found, will drop a lot if broken)
All for 4pm EDT end of day expiration
Sell (Double) AMD if it breaks & stays below 4.00 (resistance found)
Sell: Nasdaq if it breaks & stays below 3580 (support found, will drop a lot if broken)
Sell Google if it breaks & stays below 880 (support found, will drop a lot if broken)
Sell Microsoft if it breaks & stays below 32 (support found, will drop a lot if broken)
All for 4pm EDT end of day expiration
US economic news 19 July 2013
More bad news for US economy:
Detroit filed for largest municipal bankruptcy in US history because of its worsening economy
AMD reported a loss instead of earnings
AMD dropped from 4.64 to 4.00
Detroit filed for largest municipal bankruptcy in US history because of its worsening economy
AMD reported a loss instead of earnings
AMD dropped from 4.64 to 4.00
Stock Market Analysis 19 July 2013
No economic news today so stocks will be highly dependent on earnings
Earnings were disappointing, market sentiment is bearish
Stock are dropping, market trends are bearish
Stocks went up too high yesterday & needs a correction
Fridays are when stocks are more volatile as big moves are made before the week ends
All are pointing towards a bearish market today
Earnings were disappointing, market sentiment is bearish
Stock are dropping, market trends are bearish
Stocks went up too high yesterday & needs a correction
Fridays are when stocks are more volatile as big moves are made before the week ends
All are pointing towards a bearish market today
Stocks to Watch- Google, Microsoft, General Electric
Google & Microsoft missed estimates
General Electric beats estimates but revenue misses
Google posted a huge drop from 910.68 to 880
Microsoft dropped from 35.44 to 33
General Electric rose from 23.63 to 24
General Electric beats estimates but revenue misses
Google posted a huge drop from 910.68 to 880
Microsoft dropped from 35.44 to 33
General Electric rose from 23.63 to 24
Thursday 18 July 2013
Stock Market Analysis 18 July 2013 (After close)
American Express, eBay & Intel did not stop dropping & reverse their trends, so it wasn't really safe to buy any of them
Although eBay did not drop too much & managed to linger around 53.5, closing at 53.52
Watch 53.5 tomorrow to determine if it's a support or resistance depending on market movement
Intel dropped to 23.24
American Express failed to reach 75.6 & dropped the most to 74.0
Any good news tomorrow might lift these 3 oversold stocks up
However, even if you actually bought all of those stocks & lost, we'll refund your losses up to $100*
IBM closed @ 197.99, below its opening price, as we expected it to drop below 199 because it's overbought
S&P 500 dropped after Fed's speech ended as it did not have enough strength to stay above 1690 today
But it rebounded @ 1687 twice, watch 1687 tomorrow to determine its strength
Although eBay did not drop too much & managed to linger around 53.5, closing at 53.52
Watch 53.5 tomorrow to determine if it's a support or resistance depending on market movement
Intel dropped to 23.24
American Express failed to reach 75.6 & dropped the most to 74.0
Any good news tomorrow might lift these 3 oversold stocks up
However, even if you actually bought all of those stocks & lost, we'll refund your losses up to $100*
IBM closed @ 197.99, below its opening price, as we expected it to drop below 199 because it's overbought
S&P 500 dropped after Fed's speech ended as it did not have enough strength to stay above 1690 today
But it rebounded @ 1687 twice, watch 1687 tomorrow to determine its strength
US economic events update
Philly Fed Manufacturing Index
Actual: 19.8 Estimate: 8.5 Previous: 12.5
Much better than expected
*Fed's speech is delayed till 10:30am due to source rescheduling
Actual: 19.8 Estimate: 8.5 Previous: 12.5
Much better than expected
*Fed's speech is delayed till 10:30am due to source rescheduling
Trading Signals to watch
Pre-market price around 8am EDT:
American Express 76.80 dropped to 75.75
eBay 57.38 dropped to 53.70
Intel 24.15 dropped to 23.48
IBM 194.55 jumped to 199.00
American Express is too low, it can go back up to 77.0 & it should stay above 76.0
eBay's even lower & oversold, the last time it reached 53.70 was on 8 July 2013, it should at least stay above 54.0
Intel is quite low too, it should stay above 24.0 but it doesn't seem possible today
It should at least stay above 23.5 today
IBM's too high, overbought & it might drop, not safe to buy
But it's also not safe to sell & trade against the market
Not to mention IBM announced a multi-billion 10-Year Partnership with UniCredit
Strong Buy (Double): eBay (preferably @ 53.5, below 54.0)
Buy: American Express (preferably @ 75.6, below 76)
Buy: Intel (preferably @ 23.4, below 23.5)
All expiration time are for 4pm EDT end of day
Timing:
Wait for them to stop dropping & reverse for a higher chance of winning
Do not buy if they continue to drop
There might be volatility during Fed's speech after 10:00am EDT
Risk: Something unexpected happens during Fed's speech
Trade after 10am, after Fed's speech at the lowest price possible to lower your risk
American Express 76.80 dropped to 75.75
eBay 57.38 dropped to 53.70
Intel 24.15 dropped to 23.48
IBM 194.55 jumped to 199.00
American Express is too low, it can go back up to 77.0 & it should stay above 76.0
eBay's even lower & oversold, the last time it reached 53.70 was on 8 July 2013, it should at least stay above 54.0
Intel is quite low too, it should stay above 24.0 but it doesn't seem possible today
It should at least stay above 23.5 today
IBM's too high, overbought & it might drop, not safe to buy
But it's also not safe to sell & trade against the market
Not to mention IBM announced a multi-billion 10-Year Partnership with UniCredit
Strong Buy (Double): eBay (preferably @ 53.5, below 54.0)
Buy: American Express (preferably @ 75.6, below 76)
Buy: Intel (preferably @ 23.4, below 23.5)
All expiration time are for 4pm EDT end of day
Timing:
Wait for them to stop dropping & reverse for a higher chance of winning
Do not buy if they continue to drop
There might be volatility during Fed's speech after 10:00am EDT
Risk: Something unexpected happens during Fed's speech
Trade after 10am, after Fed's speech at the lowest price possible to lower your risk
US Unemployment Claims update
Unemployment Claims
Actual: 334K Estimate: 344K Previous: 358K
Lower= better
Actual: 334K Estimate: 344K Previous: 358K
Lower= better
Stocks to Watch- American Express, eBay, Intel, IBM
Earnings report
American Express beats estimates but revenue is below expectations
eBay only meets estimates but warned of "headwinds" later this year
Intel barely meets estimates but lowered forecasts
IBM beats estimates but revenue misses estimates
All above stocks are down during pre-market except IBM
Pre-market/Stock futures focuses further ahead of the future
Therefore, all 4 stocks above might go up when market opens, because it doesn't focus too far ahead
All met expectations & prices are low now (excluding IBM)
Unemployment claims are also better than expected
American Express beats estimates but revenue is below expectations
eBay only meets estimates but warned of "headwinds" later this year
Intel barely meets estimates but lowered forecasts
IBM beats estimates but revenue misses estimates
All above stocks are down during pre-market except IBM
Pre-market/Stock futures focuses further ahead of the future
Therefore, all 4 stocks above might go up when market opens, because it doesn't focus too far ahead
All met expectations & prices are low now (excluding IBM)
Unemployment claims are also better than expected
US economic reports 18 July 2013
8:30am EDT
Unemployment Claims
10:00am
Fed Chairman Bernanke Testifies
Philly Fed Manufacturing Index
Unemployment Claims
10:00am
Fed Chairman Bernanke Testifies
Philly Fed Manufacturing Index
Stock Market Analysis 18 July 2013
The market was unstable yesterday, therefore not safe to trade
There'll be unemployment claims & Fed's speech again today, it should also be quite volatile
Stocks are hoping to go up higher, but negative economy reports & uncertainty are countering that
There'll be unemployment claims & Fed's speech again today, it should also be quite volatile
Stocks are hoping to go up higher, but negative economy reports & uncertainty are countering that
Wednesday 17 July 2013
US economic reports update
Building Permits
Actual: 0.91M Estimate: 1.00M Previous: 0.99M
Housing Starts
Actual: 0.84M Estimate: 0.96M Previous: 0.93M
Both are worse than expected
Actual: 0.91M Estimate: 1.00M Previous: 0.99M
Housing Starts
Actual: 0.84M Estimate: 0.96M Previous: 0.93M
Both are worse than expected
Bank of America earnings update
Bank of America's earnings beats estimates, but mostly by cost-cutting
The bank cut around 18,300 jobs in a year
Investment banking & wealth management were better then its consumer business
What does this say about consumer spending, unemployment rate & the economy?
Not to mention worsening economic reports keep on coming
There should be more concerns & uncertainty over the economy
Nonetheless, Bank of America should still stay around 14.0 because of its earnings
The bank cut around 18,300 jobs in a year
Investment banking & wealth management were better then its consumer business
What does this say about consumer spending, unemployment rate & the economy?
Not to mention worsening economic reports keep on coming
There should be more concerns & uncertainty over the economy
Nonetheless, Bank of America should still stay around 14.0 because of its earnings
Stock Market Analysis 17 July 2013
As S&P 500, Goldman Sachs & Coca-Cola dropped yesterday, investors' confidence are falling too
Market is stalling as it awaits Bernanke's testimonies
The market will experience heavy volatility today because of the uncertainty in the market & Bernanke's speech
We suggest not to simply trade until the uncertainty is over
Market is stalling as it awaits Bernanke's testimonies
The market will experience heavy volatility today because of the uncertainty in the market & Bernanke's speech
We suggest not to simply trade until the uncertainty is over
US economic events 17 July 2013
8:30am EDT
Building Permits
Housing Starts
10:00am
Fed Chairman Bernanke Testifies
12:30pm
FOMC Member Raskin Speaks
2:00pm
Beige Book
Most important being Bernanke's testimonies at 10:00am, although it is revealed that the text of the testimony will be released at 8:30am
Building Permits
Housing Starts
10:00am
Fed Chairman Bernanke Testifies
12:30pm
FOMC Member Raskin Speaks
2:00pm
Beige Book
Most important being Bernanke's testimonies at 10:00am, although it is revealed that the text of the testimony will be released at 8:30am
Stocks to Watch- Bank of America, American Express, eBay, Intel
Bank of America, American Express, eBay & Intel will announce their earnings today
American Express, eBay & Intel's will come after market closes
Following the decline in retail sales & Coca-Cola's disappointing earnings, stocks went down yesterday as investors are starting to realize that the decline in retail sales might actually indicate less earnings for companies (which we mentioned the day before)
Therefore the main focus might be on American Express & eBay instead of Bank of America because they can reflect more on consumer spending & retail sales
American Express, eBay & Intel's will come after market closes
Following the decline in retail sales & Coca-Cola's disappointing earnings, stocks went down yesterday as investors are starting to realize that the decline in retail sales might actually indicate less earnings for companies (which we mentioned the day before)
Therefore the main focus might be on American Express & eBay instead of Bank of America because they can reflect more on consumer spending & retail sales
Tuesday 16 July 2013
Stock Market Analysis update- Goldman Sachs & Coca-Cola earnings update
Coca-Cola's earnings only met estimates, actual revenue dropped
Coca-Cola might still go up because below $40 is simply too low, it opened at 39.78, but not really safe to buy because its earnings was disappointing
Goldman Sachs' earnings beats estimates
GS opened at 164 & dropped to 162, lower than our estimates from 165 to 163, so it was invalid as 163 was broken, the next support is at 160
But because of S&P going down, Goldman Sachs' support at 160 might be broken too
S&P 500 was rebounding at 1680 but was quite volatile & finally broke below 1680 with a huge drop
It's continuing to drop without showing signs of rebound even at 1678
Conclusion: It is now not safe to trade because of S&P breaking below supports despite strong earnings report from Goldman Sachs
Coca-Cola might still go up because below $40 is simply too low, it opened at 39.78, but not really safe to buy because its earnings was disappointing
Goldman Sachs' earnings beats estimates
GS opened at 164 & dropped to 162, lower than our estimates from 165 to 163, so it was invalid as 163 was broken, the next support is at 160
But because of S&P going down, Goldman Sachs' support at 160 might be broken too
S&P 500 was rebounding at 1680 but was quite volatile & finally broke below 1680 with a huge drop
It's continuing to drop without showing signs of rebound even at 1678
Conclusion: It is now not safe to trade because of S&P breaking below supports despite strong earnings report from Goldman Sachs
US economic reports update
Core CPI m/m
Actual: 0.2% Estimate: 0.2% Previous: 0.2%
CPI m/m
Actual: 0.5% Estimate: 0.3% Previous: 0.1%
TIC Long-Term Purchases
Actual: -27.2B Estimate: 14.3B Previous: -21.8B
Capacity Utilization Rate
Actual: 77.8% Estimate: 77.8% Previous: 77.7%
Industrial Production m/m
Actual: 0.3% Estimate: 0.2% Previous: 0.0%
Actual: 0.2% Estimate: 0.2% Previous: 0.2%
CPI m/m
Actual: 0.5% Estimate: 0.3% Previous: 0.1%
TIC Long-Term Purchases
Actual: -27.2B Estimate: 14.3B Previous: -21.8B
Capacity Utilization Rate
Actual: 77.8% Estimate: 77.8% Previous: 77.7%
Industrial Production m/m
Actual: 0.3% Estimate: 0.2% Previous: 0.0%
Stock Market Analysis 16 July 2013
The market is pausing as Core CPI stays the same, meeting but not beating previous or estimates
Although CPI manages to beat estimates, Core CPI is more accurate & important
Market can still go up today but it'll be tougher
Market sentiment is slightly bullish
Although CPI manages to beat estimates, Core CPI is more accurate & important
Market can still go up today but it'll be tougher
Market sentiment is slightly bullish
Free Binary Options trading signals to watch
Market is positive towards Goldman Sachs, slightly positive towards Yahoo! & negative towards Coca-Cola
There are concerns that Coca-Cola might miss estimates
However, if Coca-Cola manages to surprise us by beating estimates, the huge drop during pre-market might make Coca-Cola jump even higher because of its low price, pre-market is $39.70
Buy Coca-Cola asap (Double), around $40.0 if it beats estimates, it shouldn't go below $40
The last time Coca-Cola fell below $40 was on 25 June 2013, it just isn't in the trading range today
Do not do anything if Coca-Cola misses estimates as the price is already too low, it might linger around $40
Goldman Sachs might drop in the beginning even if it beats estimates as too many investors are already buying ahead of it, pre-market price jumped from 163 to 164.85, they might sell to take profit around 165 if it fails to break above
Buy Goldman Sachs around 163 if it fails to stay above 165 & drop near to 163
That will confirm a temporary resistance at 165 but we should not sell & trade against the market as it might go up again any time
Yahoo! depends on today's market
If the market can provide a strong enough boost, we might see Yahoo! going up ahead of its earnings
All expiration times are at end of day 4pm EDT
There are concerns that Coca-Cola might miss estimates
However, if Coca-Cola manages to surprise us by beating estimates, the huge drop during pre-market might make Coca-Cola jump even higher because of its low price, pre-market is $39.70
Buy Coca-Cola asap (Double), around $40.0 if it beats estimates, it shouldn't go below $40
The last time Coca-Cola fell below $40 was on 25 June 2013, it just isn't in the trading range today
Do not do anything if Coca-Cola misses estimates as the price is already too low, it might linger around $40
Goldman Sachs might drop in the beginning even if it beats estimates as too many investors are already buying ahead of it, pre-market price jumped from 163 to 164.85, they might sell to take profit around 165 if it fails to break above
Buy Goldman Sachs around 163 if it fails to stay above 165 & drop near to 163
That will confirm a temporary resistance at 165 but we should not sell & trade against the market as it might go up again any time
Yahoo! depends on today's market
If the market can provide a strong enough boost, we might see Yahoo! going up ahead of its earnings
All expiration times are at end of day 4pm EDT
Stocks to Watch Today- Goldman Sachs, Coca-Cola & Yahoo!
Goldman Sachs, Coca-Cola & Yahoo! are expected to report their earnings today
Even though Yahoo!'s will come after market closes, at 5pm EDT , if the stock market moves up, Yahoo!'s might move up too due to positive sentiment boost
Most important being Goldman Sachs' earnings report at 9:30am EDT, just as market opens, it should set the tone for the rest of the day
Coca-Cola's earnings' impact on market should be smaller
Even though Yahoo!'s will come after market closes, at 5pm EDT , if the stock market moves up, Yahoo!'s might move up too due to positive sentiment boost
Most important being Goldman Sachs' earnings report at 9:30am EDT, just as market opens, it should set the tone for the rest of the day
Coca-Cola's earnings' impact on market should be smaller
US economic events today 16 July 2013
8:30am EDT
Core CPI m/m
CPI m/m
9:00am
TIC Long-Term Purchases
9:15am
Capacity Utilization Rate
Industrial Production m/m
10:00am
NAHB Housing Market Index
2:15pm
FOMC Member George Speaks
Most important being Core CPI
Core CPI m/m
CPI m/m
9:00am
TIC Long-Term Purchases
9:15am
Capacity Utilization Rate
Industrial Production m/m
10:00am
NAHB Housing Market Index
2:15pm
FOMC Member George Speaks
Most important being Core CPI
Buy Citigroup- Won
15 July 2013 Trading signals to watch-
Citigroup's earnings beats estimates
Citigroup's stock jumped from 50.81 to 51.85 pre-market & 52.0 might become temporary resistance
Buy around 52.0 if it breaks & stays above resistance
Buy around 51.0 if it fails to break resistance & manages to drop to 51.0, it should rebound
All for end of day expiration
Citigroup dropped to 51.1 twice & rebounded as expected
Result: Won
Citigroup closed at 51.81
We were correct about 52.0 becoming resistance, as well as the drop & rebounding around 51.0
Citigroup's earnings beats estimates
Citigroup's stock jumped from 50.81 to 51.85 pre-market & 52.0 might become temporary resistance
Buy around 52.0 if it breaks & stays above resistance
Buy around 51.0 if it fails to break resistance & manages to drop to 51.0, it should rebound
All for end of day expiration
Citigroup dropped to 51.1 twice & rebounded as expected
Result: Won
Citigroup closed at 51.81
We were correct about 52.0 becoming resistance, as well as the drop & rebounding around 51.0
Monday 15 July 2013
Business Inventories update
Business Inventories m/m
Actual: 0.1% Estimate: 0.2% Previous: 0.2%
(Lower = better)
Actual: 0.1% Estimate: 0.2% Previous: 0.2%
(Lower = better)
Decline in retail sales might impact market
Decline in retail sales might indicate less earnings for companies
Will investors sell in advance?
Or will they continue to hold faith?
Will investors sell in advance?
Or will they continue to hold faith?
US economic reports update
Core Retail Sales m/m
Actual: 0.0% Estimate: 0.5% Previous: 0.3%
Retail Sales m/m
Actual: 0.4% Estimate: 0.7% Previous: 0.5%
Empire State Manufacturing Index
Actual: 9.5 Estimate: 5.2 Previous: 7.8
Actual: 0.0% Estimate: 0.5% Previous: 0.3%
Retail Sales m/m
Actual: 0.4% Estimate: 0.7% Previous: 0.5%
Empire State Manufacturing Index
Actual: 9.5 Estimate: 5.2 Previous: 7.8
Stocks to Watch Today- Apple
A woman was electrocuted to death by getting out of the bath & answering her iPhone 5 while it was charging
Even if it might be user's fault because water & electricity shouldn't mix, the news should still have a negative impact on Apple after the news has gone viral
Apple's stock dropped to 425.65 during pre-market
Even if it might be user's fault because water & electricity shouldn't mix, the news should still have a negative impact on Apple after the news has gone viral
Apple's stock dropped to 425.65 during pre-market
Trading signals to watch- Citigroup earnings update
Citigroup's earnings beats estimates
Citigroup's stock jumped from 50.81 to 51.85 pre-market & 52.0 might become temporary resistance
Buy around 52.0 if it breaks & stays above resistance
Buy around 51.0 if it fails to break resistance & manages to drop to 51.0, it should rebound
All for end of day expiration
Citigroup's stock jumped from 50.81 to 51.85 pre-market & 52.0 might become temporary resistance
Buy around 52.0 if it breaks & stays above resistance
Buy around 51.0 if it fails to break resistance & manages to drop to 51.0, it should rebound
All for end of day expiration
Stock Market Analysis 15 July 2013
S&P 500 jumped to 1680 but only after 3:30pm EDT on Friday
Stocks look to go up again today due to earnings season
If Citigroup & retail sales reports positively, it will further boost investors' confidence
Negative reports might trigger a pullback to 1670
If it does, buy S&P 500 (double) at 1670 as it's a very strong support
Stocks should rebound & continue to go up even if a pullback occurs
Stocks look to go up again today due to earnings season
If Citigroup & retail sales reports positively, it will further boost investors' confidence
Negative reports might trigger a pullback to 1670
If it does, buy S&P 500 (double) at 1670 as it's a very strong support
Stocks should rebound & continue to go up even if a pullback occurs
US economic reports today 15 July 2013
8:30am
Core Retail Sales m/m
Retail Sales m/m
Empire State Manufacturing Index
10:00am
Business Inventories m/m
Core Retail Sales m/m
Retail Sales m/m
Empire State Manufacturing Index
10:00am
Business Inventories m/m
Buy JPMorgan- Won
12 July 2013 Free Binary Options Trading Signal:
Medium Risk
Buy JPMorgan around 55.1-55.25 for 1pm EDT expiration
Result: Won
JPMorgan closed at 55.34 at 1pm EDT
JPMorgan dropped after 2pm, that's why we chose a short term expiration
Friday 12 July 2013
Buy JPMorgan @ 55.1-55.25
12 July 2013 Free Binary Options Trading Signal:
Medium Risk
Buy JPMorgan around 55.1-55.25 for 1pm EDT expiration
Medium Risk
Buy JPMorgan around 55.1-55.25 for 1pm EDT expiration
US economic reports update
Producer Price Index m/m
Actual: 0.8% Estimate: 0.5% Previous: 0.5%
Core PPI m/m
Actual: 0.2% Estimate: 0.2% Previous: 0.1%
Prelim UoM Consumer Sentiment
Actual: 83.9 Estimate: 85.3 Previous: 84.1
Prelim UoM Inflation Expectations
Actual: 3.3% Estimate: 3.1% Previous: 3.2%
Actual: 0.8% Estimate: 0.5% Previous: 0.5%
Core PPI m/m
Actual: 0.2% Estimate: 0.2% Previous: 0.1%
Prelim UoM Consumer Sentiment
Actual: 83.9 Estimate: 85.3 Previous: 84.1
Prelim UoM Inflation Expectations
Actual: 3.3% Estimate: 3.1% Previous: 3.2%
Stock Market Analysis 12 July 2013
The stock market can go up even higher due to earnings reports from JPMorgan & Wells Fargo
JPMorgan & Wells Fargo's earnings managed to beat estimates
But we must also consider the possibility of a pullback because stocks are simply too high
Take profits & stop-losses can be triggered, pushing stocks further down if their positions are closed
Not to mention that Friday, the last day of the week tend to be chaotic as traders close their trades before the week ends
Overall, our forecast is that stocks will still try to go up throughout the day despite volatility, might stay flat because it's too high but go down at the end of the day, unless take profits & stop-losses are cancelled
Trade less or none as the risk is higher in today's market
JPMorgan & Wells Fargo's earnings managed to beat estimates
But we must also consider the possibility of a pullback because stocks are simply too high
Take profits & stop-losses can be triggered, pushing stocks further down if their positions are closed
Not to mention that Friday, the last day of the week tend to be chaotic as traders close their trades before the week ends
Overall, our forecast is that stocks will still try to go up throughout the day despite volatility, might stay flat because it's too high but go down at the end of the day, unless take profits & stop-losses are cancelled
Trade less or none as the risk is higher in today's market
Stocks to watch- JPMorgan, Wells Fargo
JPMorgan & Wells Fargo will be among the first banks to announce their earnings report today
Their earnings will be closely watched & if they're able to provide positive sentiment, they can push the entire stock market even higher due to earnings season
Their earnings will be closely watched & if they're able to provide positive sentiment, they can push the entire stock market even higher due to earnings season
US economic reports today 12 July 2013
8:30am
Producer Price Index m/m
Core PPI m/m
9:55am
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
Producer Price Index m/m
Core PPI m/m
9:55am
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
Buy S&P 500- Won
11 July 2013 Free Binary Options Trading Signal:
Buy S&P 500 @ 1670 for end of day expiration 4pm EDT
Result: Won
S&P 500 closed at 1675.02
Buy S&P 500 @ 1670 for end of day expiration 4pm EDT
Result: Won
S&P 500 closed at 1675.02
Buy Microsoft- Won
11 July 2013 Free Binary Options Trading Signal:
Buy Microsoft around 35.0 for end of day expiration 4pm EDT
Result: Won
Microsoft closed at 35.69
Buy Microsoft around 35.0 for end of day expiration 4pm EDT
Result: Won
Microsoft closed at 35.69
Thursday 11 July 2013
Buy S&P 500 @ 1670
11 July 2013 Free Binary Options Trading Signal:
Buy S&P 500 @ 1670 for end of day expiration 4pm EDT
Federal Budget Balance is 116.5B, way above estimates at 42.1B
Buy S&P 500 @ 1670 for end of day expiration 4pm EDT
Federal Budget Balance is 116.5B, way above estimates at 42.1B
Federal Budget Balance update
Federal Budget Balance
Actual: 116.5B Estimate: 42.1B Previous: -138.7B
Actual: 116.5B Estimate: 42.1B Previous: -138.7B
Buy Microsoft @ 35.0
11 July 2013 Free Binary Options Trading Signal:
Buy Microsoft around 35.0 for end of day expiration 4pm EDT
Microsoft announced a major restructuring, planning to include phones, tablets, PCs, 2-in-1s, TV-attached devices and other devices to be imagined and developed
Buy Microsoft around 35.0 for end of day expiration 4pm EDT
Microsoft announced a major restructuring, planning to include phones, tablets, PCs, 2-in-1s, TV-attached devices and other devices to be imagined and developed
Stock Market Analysis 11 July 2013
Stock futures went up a lot following the Fed's speech after markets closed yesterday
Bernanke said the US economy still needs QE because the inflation and the unemployment rate are below target
S&P Futures is currently trading in a range of 1663-1667
Unemployment Claims & Import Prices were worse than expected & remain below targets
S&P 500 hit 1670 & started dropping, if S&P 500 manages to break & stay above 1670, 1670 could become a support to push it higher
Another important thing to watch is the Federal Budget Balance at 2pm EDT
Stocks will go higher if it's higher than expected
Look to buy S&P 500 today
Bernanke said the US economy still needs QE because the inflation and the unemployment rate are below target
S&P Futures is currently trading in a range of 1663-1667
Unemployment Claims & Import Prices were worse than expected & remain below targets
S&P 500 hit 1670 & started dropping, if S&P 500 manages to break & stay above 1670, 1670 could become a support to push it higher
Another important thing to watch is the Federal Budget Balance at 2pm EDT
Stocks will go higher if it's higher than expected
Look to buy S&P 500 today
US economic reports update
Unemployment Claims
Actual: 360K Estimate: 342K Previous: 344K
Import Prices m/m
Actual: -0.2% Estimate: 0.1% Previous: -0.7%
Actual: 360K Estimate: 342K Previous: 344K
Import Prices m/m
Actual: -0.2% Estimate: 0.1% Previous: -0.7%
US economic events today 11 July 2013
8:30am
Unemployment Claims
Import Prices m/m
11:00am
FOMC Member Tarullo Speaks
1:00pm
30-y Bond Auction
2:00pm
Federal Budget Balance
Unemployment Claims
Import Prices m/m
11:00am
FOMC Member Tarullo Speaks
1:00pm
30-y Bond Auction
2:00pm
Federal Budget Balance
Wednesday 10 July 2013
Not safe to trade today
Not safe to trade today as the stock market is experiencing high volatility after FOMC Meeting Minutes at 2pm EDT
It can either go up or down a lot anytime as shown in this chart
It can either go up or down a lot anytime as shown in this chart
Stocks to Watch Today- JPMorgan
JPMorgan made some mistakes when suing thousands of its customers over non-payments
Even though JPMorgan said that the mistakes were "mostly small", it's unjustifiably wrong to make those mistakes & harass its customers over those "small mistakes"
JPMorgan allegedly harassed its customers by calling them several times a day, early in the morning & late at night, even calling them at their workplaces
Look to sell JPMorgan
Even though JPMorgan said that the mistakes were "mostly small", it's unjustifiably wrong to make those mistakes & harass its customers over those "small mistakes"
JPMorgan allegedly harassed its customers by calling them several times a day, early in the morning & late at night, even calling them at their workplaces
Look to sell JPMorgan
US important economic events today 10 July 2013
2pm EDT
FOMC Meeting Minutes
4:10pm EDT
Fed Chairman Bernanke Speaks
FOMC Meeting Minutes
4:10pm EDT
Fed Chairman Bernanke Speaks
Stock Market Analysis 10 July 2013
Stocks are looking to go down at the end of the day in anticipation of FOMC Meeting Minutes & Fed Chairman Bernanke's speech today
The much needed correction as stated yesterday might happen today
Even so, S&P 500 might still try to go up & break above 1660-1665, but if it fails, it'll drop a lot
S&P Futures formed resistance at 1647 & 1644, look to sell if it fails to break above resistance & drop
The much needed correction as stated yesterday might happen today
Even so, S&P 500 might still try to go up & break above 1660-1665, but if it fails, it'll drop a lot
S&P Futures formed resistance at 1647 & 1644, look to sell if it fails to break above resistance & drop
Tuesday 9 July 2013
Stock Market Analysis 9 July 2013
S&P 500 should still stay above 1650 today but we'll only trade if there's a strong sell signal for now
S&P opened higher for the 4th day in a row
It can't keep going up without taking a break
It's better to wait for a correction as the downside risk for the S&P 500 is very high even when it keeps going up
Even other fund managers agree to that too
http://etfdailynews.com/2013/07/09/downside-risks-rising-for-u-s-stocks-is-it-time-to-sell/
S&P opened higher for the 4th day in a row
It can't keep going up without taking a break
It's better to wait for a correction as the downside risk for the S&P 500 is very high even when it keeps going up
Even other fund managers agree to that too
http://etfdailynews.com/2013/07/09/downside-risks-rising-for-u-s-stocks-is-it-time-to-sell/
Stock Market Analysis
Stocks look to go up again, as there are positive signs for second-quarter earnings season
Alcoa's earnings was the first to be reported & it managed to beat estimates
However, there should be a correction soon as the market is overbought
Will the correction happen today?
Or will the stock market go up for the 4th day in a row?
Alcoa's earnings was the first to be reported & it managed to beat estimates
However, there should be a correction soon as the market is overbought
Will the correction happen today?
Or will the stock market go up for the 4th day in a row?
Buy Boeing- Won
8 July 2013 Free Binary Options Trading Signal:
Buy Boeing @ 104.0-104.2 for end of day expiration 4pm EDT
Result: Won
Boeing closed at 104.37
Buy Boeing @ 104.0-104.2 for end of day expiration 4pm EDT
Result: Won
Boeing closed at 104.37
Monday 8 July 2013
Buy Boeing @ 104.0-104.2
8 July 2013 Free Binary Options Trading Signal:
Buy Boeing @ 104.0-104.2 for end of day expiration 4pm EDT
Buy Boeing @ 104.0-104.2 for end of day expiration 4pm EDT
Stock Market Analysis
S&P 500 did rebound at 1620 as we expected on Friday
The stock market should continue to go up as fear of QE tapering is reduced for now
Not to mention the economy is showing improvements
But there might be a minor correction today as S&P 500 rose too much from 1620 to 1630 last week
Even if it does, it should still stay above 1620 & might rebound again
Therefore it would be very safe to buy S&P 500 around 1620 today
Look to buy S&P 500 around 1620 if it drops
The stock market should continue to go up as fear of QE tapering is reduced for now
Not to mention the economy is showing improvements
But there might be a minor correction today as S&P 500 rose too much from 1620 to 1630 last week
Even if it does, it should still stay above 1620 & might rebound again
Therefore it would be very safe to buy S&P 500 around 1620 today
Look to buy S&P 500 around 1620 if it drops
Stocks to Watch- Boeing
The design of Boeing 777 helped prevent more loss of lives as it crashed on Saturday, July 6
It does not appear to be caused by any mechanical failure
There were no problems caused by the Boeing plane
Look to buy Boeing today
It does not appear to be caused by any mechanical failure
There were no problems caused by the Boeing plane
Look to buy Boeing today
Saturday 6 July 2013
Buy S&P 500- Won
5 July 2013 Free Binary Options Trading Signal:
Buy S&P 500 @ 1620-1626 for end of day expiration 4pm EDT
Result: Won
S&P 500 closed at 1631.89 as it broke above 1620 & 1626
Buy S&P 500 @ 1620-1626 for end of day expiration 4pm EDT
Result: Won
S&P 500 closed at 1631.89 as it broke above 1620 & 1626
Buy S&P Futures below 1627-lost
5 July 2013 Free Binary Options Trading Signal:
Buy S&P Futures below 1627 for end of day expiration 4pm EDT
Result: Depends on the rate you traded (We always recommend as low as possible when buying)
But we'll count it as a loss as S&P Futures closed at 1625.62
We were right about S&P Futures breaking above 1627 but it was late to meet our estimate at 4pm EDT, only managing to breakout a few minutes later
And when it did, it was able to keep going up & reach 1629
Buy S&P Futures below 1627 for end of day expiration 4pm EDT
Result: Depends on the rate you traded (We always recommend as low as possible when buying)
But we'll count it as a loss as S&P Futures closed at 1625.62
We were right about S&P Futures breaking above 1627 but it was late to meet our estimate at 4pm EDT, only managing to breakout a few minutes later
And when it did, it was able to keep going up & reach 1629
Friday 5 July 2013
Buy S&P 500 @ 1620-1626
5 July 2013 Free Binary Options Trading Signal:
Buy S&P 500 @ 1620-1626 for end of day expiration 4pm EDT
Buy S&P 500 @ 1620-1626 for end of day expiration 4pm EDT
Non-Farm Payroll, Unemployment Rate update
Non-Farm Employment Change
Actual: 195K Estimate: 163K Previous: 175K
Unemployment Rate
Actual: 7.6% Estimate: 7.5% Previous: 7.6%
Actual: 195K Estimate: 163K Previous: 175K
Unemployment Rate
Actual: 7.6% Estimate: 7.5% Previous: 7.6%
Buy S&P futures below 1627
5 July 2013 Free Binary Options Trading Signal:
Buy S&P Futures below 1627 for end of day expiration 4pm EDT
Non-Farm Employment Change is better than expected & Unemployment Rate stays the same at 7.6%, not lower
The Fed's unemployment target is 7% so fear & risk of QE tapering is lowered
Buy S&P Futures below 1627 for end of day expiration 4pm EDT
Non-Farm Employment Change is better than expected & Unemployment Rate stays the same at 7.6%, not lower
The Fed's unemployment target is 7% so fear & risk of QE tapering is lowered
Stock Market Analysis
The stock market is preparing to rebound
Look to buy S&P 500 below 1620 for end of day expiration 4pm EDT if Non-Farm Payroll is between 163K -175K
That will be better than the 163K estimate but lower than the 175K previous
Better than estimate is always good, but less than previous should reduce the fear & risk of QE tapering
Look to buy S&P 500 below 1620 for end of day expiration 4pm EDT if Non-Farm Payroll is between 163K -175K
That will be better than the 163K estimate but lower than the 175K previous
Better than estimate is always good, but less than previous should reduce the fear & risk of QE tapering
Wednesday 3 July 2013
No safe trading signals today
S&P 500 dropped too low even before opening
And it only confirmed a reversal at 12:38pm when it dropped below 1617
Not too safe to trade as it didn't hit resistance & there's only 20mins left
US stock markets will close at 1pm today
US markets will be closed on Thursday tomorrow for Independence Day holiday
And it only confirmed a reversal at 12:38pm when it dropped below 1617
Not too safe to trade as it didn't hit resistance & there's only 20mins left
US stock markets will close at 1pm today
US markets will be closed on Thursday tomorrow for Independence Day holiday
US economic reports update 3 July 2013
Challenger Job Cuts y/y
Actual: 4.8% Previous: -41.2%
ADP Non-Farm Employment Change
Actual: 188K Estimate: 161K Previous: 134K
Trade Balance
Actual: -45.0B Estimate: -40.3B Previous: -40.3B
Unemployment Claims
Actual: 343K Estimate: 345K Previous: 346K
Actual: 4.8% Previous: -41.2%
ADP Non-Farm Employment Change
Actual: 188K Estimate: 161K Previous: 134K
Trade Balance
Actual: -45.0B Estimate: -40.3B Previous: -40.3B
Unemployment Claims
Actual: 343K Estimate: 345K Previous: 346K
Stock Market Analysis 3 July 2013
S&P 500 might try to rebound to 1620 & stay above it
But technical indicators show that the market is getting weaker & will most likely fail at the end of the day
Stock market psychology:
Yesterday was proof that the market is weakening & it'll dampen the faith of investors
Tomorrow is Independence Day, investors might trade even less before the holiday
Not to mention the more important Non-Farm Payrolls on Friday, investors will wait until it's announced before placing more money in the market
Stock market forecast:
Stocks might try to rebound but will eventually go down at the end of the day
Look to sell S&P 500 after it's confirmed
But technical indicators show that the market is getting weaker & will most likely fail at the end of the day
Stock market psychology:
Yesterday was proof that the market is weakening & it'll dampen the faith of investors
Tomorrow is Independence Day, investors might trade even less before the holiday
Not to mention the more important Non-Farm Payrolls on Friday, investors will wait until it's announced before placing more money in the market
Stock market forecast:
Stocks might try to rebound but will eventually go down at the end of the day
Look to sell S&P 500 after it's confirmed
US economic reports today 3 July 2013
7:30am
Challenger Job Cuts y/y
8:15am
ADP Non-Farm Employment Change
8:30am
Trade Balance
Unemployment Claims
10:00am
ISM Non-Manufacturing PMI
Challenger Job Cuts y/y
8:15am
ADP Non-Farm Employment Change
8:30am
Trade Balance
Unemployment Claims
10:00am
ISM Non-Manufacturing PMI
Trading Signals Analysis 2 July 2013
We bought Ford & won, did not buy GM even when its sales rose 6.8% & proved to be a good move as it dropped
Did not buy Zynga because it went up too high even before it opened & we saw a resistance
And Zynga fell too
Sold S&P 500 when it broke below 1620 as we knew that the weakened market wouldn't be able to recover later that day
We were previously looking to sell S&P 500 below 1620 at 3:30pm for 4pm EDT expiration time after we confirm it
But since it dropped too much, we decided not to & saved us from another losing trade
Conclusion: Made 2 winning trades & did not make 3 potential trades that lost
We look forward to making more good trading decisions
Did not buy Zynga because it went up too high even before it opened & we saw a resistance
And Zynga fell too
Sold S&P 500 when it broke below 1620 as we knew that the weakened market wouldn't be able to recover later that day
We were previously looking to sell S&P 500 below 1620 at 3:30pm for 4pm EDT expiration time after we confirm it
But since it dropped too much, we decided not to & saved us from another losing trade
Conclusion: Made 2 winning trades & did not make 3 potential trades that lost
We look forward to making more good trading decisions
Tuesday 2 July 2013
Sell S&P 500- Won
2 July 2013 Free Binary Options Trading Signal:
Sell S&P 500 around 1618-1620 for 4pm EDT end of day expiration
Result: Won
S&P 500 closed at 1614.08
S&P plunged after breaking below 1620 as we expected
Sell S&P 500 around 1618-1620 for 4pm EDT end of day expiration
Result: Won
S&P 500 closed at 1614.08
S&P plunged after breaking below 1620 as we expected
Buy Ford- Won
2 July 2013 Free Binary Options Trading Signal:
Buy Ford @ 15.75-16.00 for 12pm EDT expiration
Result: Won
Ford reached 16.01 at 12pm EDT
We did not use end of day expiration because we knew that S&P 500 will go down later
Ford might follow as well, so we chose an earlier expiration time
Buy Ford @ 15.75-16.00 for 12pm EDT expiration
Result: Won
Ford reached 16.01 at 12pm EDT
We did not use end of day expiration because we knew that S&P 500 will go down later
Ford might follow as well, so we chose an earlier expiration time
2
Ford July 2013 Free Binary Options Trading Signal:
Buy Ford @ 15.75-16.00 for 12pm EDT expiration - See more at: http://freebinaryoptionstradingsignals.blogspot.com/#sthash.O4TIu7og.dpuf
Buy Ford @ 15.75-16.00 for 12pm EDT expiration - See more at: http://freebinaryoptionstradingsignals.blogspot.com/#sthash.O4TIu7og.dpuf
Sell S&P 500 @ 1618-1620
2 July 2013 Free Binary Options Trading Signal:
Sell S&P 500 around 1618-1620 for 4pm EDT end of day expiration
Sell S&P 500 around 1618-1620 for 4pm EDT end of day expiration
Do not buy GM
GM sales only rose 6.8% & trending towards 5% for the year
Although a rise of 6.8% is positive, it's not safe to buy as future expectations are lowered
Stocks move based on future expectations & GM is already down to 34.0, lower than its opening price
That's why we didn't trade even when it rose from 34.39-34.92 after it's announced
Although a rise of 6.8% is positive, it's not safe to buy as future expectations are lowered
Stocks move based on future expectations & GM is already down to 34.0, lower than its opening price
That's why we didn't trade even when it rose from 34.39-34.92 after it's announced
Buy Ford @ 15.75-16.00
2 July 2013 Free Binary Options Trading Signal:
Buy Ford @ 15.75-16.00 for 12pm EDT expiration
(Use option builder if the expiration time is unavailable)
Ford's sales rose 13% last month, best June since 2006
Buy Ford @ 15.75-16.00 for 12pm EDT expiration
(Use option builder if the expiration time is unavailable)
Ford's sales rose 13% last month, best June since 2006
Stocks to watch- Ford, GM
Ford & GM will report US auto sales today
Analysts' estimates are positive
Despite stocks looking to go down at the end of the day, it should be a strong enough catalyst to push stocks up or even better, down
Look to buy Ford/GM for a short term period if reports are positive
Look to sell Ford/GM for end of day expiration 4pm EDT if reports are weak
Analysts' estimates are positive
Despite stocks looking to go down at the end of the day, it should be a strong enough catalyst to push stocks up or even better, down
Look to buy Ford/GM for a short term period if reports are positive
Look to sell Ford/GM for end of day expiration 4pm EDT if reports are weak
Stock Market Analysis
S&P 500 rose to 1626 but couldn't stay above 1625
Showing that it's getting weaker everyday
To make it worse, investors took profit by selling after 12pm EDT
The weakened S&P 500 couldn't even hold 1620 & finally dropped to 1614.96
Even positive economic news couldn't help anymore
We observed that the most consistent pattern since 21 June 2013 is still there, the drop from 3:30pm EDT-4pm EDT
Technical analysis also shows that stocks might move lower
Look to sell S&P 500 below 1620 at 3:30pm for 4pm EDT expiration time after we confirm it
Showing that it's getting weaker everyday
To make it worse, investors took profit by selling after 12pm EDT
The weakened S&P 500 couldn't even hold 1620 & finally dropped to 1614.96
Even positive economic news couldn't help anymore
We observed that the most consistent pattern since 21 June 2013 is still there, the drop from 3:30pm EDT-4pm EDT
Technical analysis also shows that stocks might move lower
Look to sell S&P 500 below 1620 at 3:30pm for 4pm EDT expiration time after we confirm it
Monday 1 July 2013
Trading Signals to watch (update)
Earlier we mentioned some signals to watch
However, if it breaks below those support points, do not buy yet
Specifically S&P 500, wait for it to go back up to 1620 & stay above it
More specifically, wait for it to bounce off 1620 & reach 1622-1623
Positive economic news should drive it to stay above 1620 today
If it doesn't, do not trade at all for today as it isn't safe anymore
However, if it breaks below those support points, do not buy yet
Specifically S&P 500, wait for it to go back up to 1620 & stay above it
More specifically, wait for it to bounce off 1620 & reach 1622-1623
Positive economic news should drive it to stay above 1620 today
If it doesn't, do not trade at all for today as it isn't safe anymore
Trading Signals to watch
Buy Apple around 400-402
Buy Cisco around 24.4-24.5
Buy S&P 500 around 1620
All for end of day expiration 4pm EDT
These are the safest points to buy, buy if it reaches those points
Buy Cisco around 24.4-24.5
Buy S&P 500 around 1620
All for end of day expiration 4pm EDT
These are the safest points to buy, buy if it reaches those points
Stock Market Analysis 1 July 2013
US economic news were better than expected
S&P 500 closed at 1606 on Friday, opened at 1617 today & broke above 1620 to reach 1625 after 10am's US economic news
S&P 500 shot up to 1624 in 2mins after 10am, buying too high is too risky for us
We try not to make hasty decisions & we'll wait for it to find a strong support for today before trading
Potential supports are at 1620 or 1625 if it manages to stay above
1625 can also be resistance if it fails to stay above, so we're not buying for now
Wait for confirmation & strengthening of support levels before buying
S&P 500 closed at 1606 on Friday, opened at 1617 today & broke above 1620 to reach 1625 after 10am's US economic news
S&P 500 shot up to 1624 in 2mins after 10am, buying too high is too risky for us
We try not to make hasty decisions & we'll wait for it to find a strong support for today before trading
Potential supports are at 1620 or 1625 if it manages to stay above
1625 can also be resistance if it fails to stay above, so we're not buying for now
Wait for confirmation & strengthening of support levels before buying
ISM PMI update
ISM Manufacturing PMI
Actual: 50.9 Estimate: 50.6 Previous: 49.0
Construction Spending m/m
Actual: 0.5% Estimate: 0.6% Previous: 0.4%
ISM Manufacturing Prices
Actual: 52.5 Estimate: 50.5 Previous: 49.5
Actual: 50.9 Estimate: 50.6 Previous: 49.0
Construction Spending m/m
Actual: 0.5% Estimate: 0.6% Previous: 0.4%
ISM Manufacturing Prices
Actual: 52.5 Estimate: 50.5 Previous: 49.5
Stocks to watch- Cisco, Nokia
Cisco's ex-dividend date is today, last chance for investors to be eligible for dividends
Nokia bought Nokia Siemens Networks & now has full control of it
Siemens CEO called it "an attractive opportunity to actively shape the telecom equipment market for the future and create sustainable value."
Nokia bought Nokia Siemens Networks & now has full control of it
Siemens CEO called it "an attractive opportunity to actively shape the telecom equipment market for the future and create sustainable value."
Stocks to watch- Apple, Disney, BlackBerry
Apple applies for 'iWatch' trademark in Japan, indicating that Apple is preparing to launch the iWatch
This may help Apple rebound back above $400
Apple drug scandal: Apple found drug use in 14 of its work space
An Apple spokesman commented: “We have a zero tolerance policy toward drug use and possession.
However, we do not think that the drug scandal will have much more effect on its stock than the iWatch trademark application
Long term investors & bargain hunters are waiting for an opportunity to buy Apple at a low price, at a right time
Today might be the day, Apple should stay above $400 at the end of the day, look to buy Apple below $400
Walt Disney's Monsters University was the top film in the weekend for the 2nd time
BlackBerry's stock dropped from 14.5 to 10.46 during pre-market on Friday due to earnings missing estimates
However, it remained quite flat later during the day, it should still stay around 10.00 today but has a chance of breaking below & going even lower
This may help Apple rebound back above $400
Apple drug scandal: Apple found drug use in 14 of its work space
An Apple spokesman commented: “We have a zero tolerance policy toward drug use and possession.
However, we do not think that the drug scandal will have much more effect on its stock than the iWatch trademark application
Long term investors & bargain hunters are waiting for an opportunity to buy Apple at a low price, at a right time
Today might be the day, Apple should stay above $400 at the end of the day, look to buy Apple below $400
Walt Disney's Monsters University was the top film in the weekend for the 2nd time
BlackBerry's stock dropped from 14.5 to 10.46 during pre-market on Friday due to earnings missing estimates
However, it remained quite flat later during the day, it should still stay around 10.00 today but has a chance of breaking below & going even lower
US economic reports today 1 July 2013
9:00am
Final Manufacturing PMI
10:00am
ISM Manufacturing PMI
Construction Spending m/m
ISM Manufacturing Prices
Most important being ISM Manufacturing PMI, we'll trade only after it's announced
Final Manufacturing PMI
10:00am
ISM Manufacturing PMI
Construction Spending m/m
ISM Manufacturing Prices
Most important being ISM Manufacturing PMI, we'll trade only after it's announced
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