Not safe to trade anymore as House vote is expected at 6 or 7pm EDT
We speculate that S&P 500 will close below or around 1680 today & rebound tomorrow when US government shutdown is averted or most likely delayed for at least a week
But we do not trade on speculations alone as it's too risky & stocks are very volatile now, wait for a confirmation before trading
Trusted Binary Options Brokers
Monday 30 September 2013
Buy S&P 500- won
Buy S&P 500 @ 1680 if it breaks & stays above, for less than 30 minutes expiration
Result: won
S&P 500 expired @ 1682.39 at 10:30am & 1683.93 at 11:00am EDT
Result: won
S&P 500 expired @ 1682.39 at 10:30am & 1683.93 at 11:00am EDT
Buy Apple- won
Buy Apple around 476 for 30 minutes expiration
Result: won
Apple expired @ 478.75 at 10:30am EDT
Result: won
Apple expired @ 478.75 at 10:30am EDT
Stock Market Analysis
Stocks are too low, economic news was good, stocks should slightly go up, at least temporarily
The market is also looking to go up for now
Look to buy stocks for short term expiration
The market is also looking to go up for now
Look to buy stocks for short term expiration
Buy S&P 500 @ 1680
Buy S&P 500 @ 1680 if it breaks & stays above, for less than 30 minutes expiration
Buy Apple @ 476
Buy Apple around 476 for 30 minutes expiration
Apple became the world's most valuable brand after beating Google & Coca-Cola to rank #1 in Best Global Brands
Carl Icahn will have dinner with Apple CEO Tim Cook tonight to discuss share buybacks
Apple became the world's most valuable brand after beating Google & Coca-Cola to rank #1 in Best Global Brands
Carl Icahn will have dinner with Apple CEO Tim Cook tonight to discuss share buybacks
Will US government shutdown?
Stocks are falling as US government shutdown at midnight tonight seems more likely
Republicans and Democrats are not compromising in their political battle even though they do not want it to happen
Both sides are trying to blame the other even before a shutdown happens instead of negotiating for a proper solution
Democrats: "Tomorrow, the Senate will do exactly what we said we would do and reject these measures"
"At that point, Republicans will be faced with the same choice they have always faced: put the Senate's clean funding bill on the floor and let it pass with bipartisan votes, or force a Republican government shutdown."
Republicans: "I personally believe that Senator Reid and the president, for political purposes, want to shut down the government"
Although they also said: “We will not shut the government down, if we have to negotiate a little longer, we will continue to negotiate.”
It seems that the only hope is that the Republicans will have no choice but to compromise & lose this political battle to avert a government shutdown because they show that they are willing to negotiate but the Democrats are not
Conclusion: US government shutdown will not happen if they focus on what's more important & do what's good for the country
Stocks should fluctuate today because they should continue dropping but it's already too low
If the shutdown is avoided at the last minute, stocks should rebound & it'll be a good time to buy
Trade less before that to protect your investment
Republicans and Democrats are not compromising in their political battle even though they do not want it to happen
Both sides are trying to blame the other even before a shutdown happens instead of negotiating for a proper solution
Democrats: "Tomorrow, the Senate will do exactly what we said we would do and reject these measures"
"At that point, Republicans will be faced with the same choice they have always faced: put the Senate's clean funding bill on the floor and let it pass with bipartisan votes, or force a Republican government shutdown."
Republicans: "I personally believe that Senator Reid and the president, for political purposes, want to shut down the government"
Although they also said: “We will not shut the government down, if we have to negotiate a little longer, we will continue to negotiate.”
It seems that the only hope is that the Republicans will have no choice but to compromise & lose this political battle to avert a government shutdown because they show that they are willing to negotiate but the Democrats are not
Conclusion: US government shutdown will not happen if they focus on what's more important & do what's good for the country
Stocks should fluctuate today because they should continue dropping but it's already too low
If the shutdown is avoided at the last minute, stocks should rebound & it'll be a good time to buy
Trade less before that to protect your investment
Friday 27 September 2013
Sell S&P 500- invalid
Sell S&P 500 around 1690 if it fails to break above & drops again, for 30 minutes expiration or less
Result: invalid
S&P 500 broke above 1690 @ 10:18am EDT
Although it might still drop again as 1690 is weak, it's not safe to trade anymore as it managed to break above 1690 & 1690 is not a strong resistance as 1700 is
It might also try to rebound back to 1700
Result: invalid
S&P 500 broke above 1690 @ 10:18am EDT
Although it might still drop again as 1690 is weak, it's not safe to trade anymore as it managed to break above 1690 & 1690 is not a strong resistance as 1700 is
It might also try to rebound back to 1700
Buy MSFT- won
Buy Microsoft around 33.0 if it rebounds & stays above, for 30 minutes expiration
Result: won
Microsoft expired @ 33.28 at 10:30am EDT
Result: won
Microsoft expired @ 33.28 at 10:30am EDT
Sell S&P 500 @ 1690
Sell S&P 500 around 1690 if it fails to break above & drops again, for 30 minutes expiration or less
Buy Microsoft @ 33.0
Buy Microsoft around 33.0 if it rebounds & stays above, for 30 minutes expiration
Ford's CEO, turnaround expert Alan Mulally might become Microsoft's new CEO
Ford's CEO, turnaround expert Alan Mulally might become Microsoft's new CEO
US economic reports update
Revised UoM Consumer Sentiment
Actual: 77.5 Estimate: 78.2 Previous: 76.8
Revised UoM Inflation Expectations
Actual: 3.3% Previous: 3.2%
Actual: 77.5 Estimate: 78.2 Previous: 76.8
Revised UoM Inflation Expectations
Actual: 3.3% Previous: 3.2%
Stock Market Analysis
Obama said that a government shutdown won't happen on his watch
Yesterday, S&P 500 rose to 1698.67 at the end of the day, breaking the longest losing streak of the year
However, S&P Futures shows that S&P 500 later broke above 1700 but failed to stay above again & dropped even more, non-stop to around 1690 now
People are still concerned about the ongoing budget negotiations & debt ceiling that might lead to a government shutdown
Fed's Evans said that there's a decent chance that taper might happen in October or December but could be pushed into 2014, causing more confusion about tapering
The US Senates plan to vote today on a spending bill, 3 more Fed officials will speak later, Friday tends to be the most volatile day of the week, especially near end of month & when government shutdown is at risk
Trade less or none at all today to protect your investment, trading today will be highly risky as there are too many concerns, confusion & uncertainties in the market
Yesterday, S&P 500 rose to 1698.67 at the end of the day, breaking the longest losing streak of the year
However, S&P Futures shows that S&P 500 later broke above 1700 but failed to stay above again & dropped even more, non-stop to around 1690 now
People are still concerned about the ongoing budget negotiations & debt ceiling that might lead to a government shutdown
Fed's Evans said that there's a decent chance that taper might happen in October or December but could be pushed into 2014, causing more confusion about tapering
The US Senates plan to vote today on a spending bill, 3 more Fed officials will speak later, Friday tends to be the most volatile day of the week, especially near end of month & when government shutdown is at risk
Trade less or none at all today to protect your investment, trading today will be highly risky as there are too many concerns, confusion & uncertainties in the market
US economic news 27 September 2013
8:30am
Core PCE Price Index m/m
Actual: 0.2% Estimate: 0.1% Previous: 0.1%
Personal Spending m/m
Actual: 0.3% Estimate: 0.3% Previous: 0.2%
Personal Income m/m
Actual: 0.4% Estimate: 0.5% Previous: 0.2%
9:55am
Revised UoM Consumer Sentiment
TBA
Revised UoM Inflation Expectations
TBA
Speeches
5:45am
FOMC Member Evans Speaks 8:30am
FOMC Member Rosengren Speaks
10:45am
FOMC Member Evans Speaks
2:00pm
FOMC Member Dudley Speaks
Core PCE Price Index m/m
Actual: 0.2% Estimate: 0.1% Previous: 0.1%
Personal Spending m/m
Actual: 0.3% Estimate: 0.3% Previous: 0.2%
Personal Income m/m
Actual: 0.4% Estimate: 0.5% Previous: 0.2%
9:55am
Revised UoM Consumer Sentiment
TBA
Revised UoM Inflation Expectations
TBA
Speeches
5:45am
FOMC Member Evans Speaks 8:30am
FOMC Member Rosengren Speaks
10:45am
FOMC Member Evans Speaks
2:00pm
FOMC Member Dudley Speaks
Thursday 26 September 2013
Buy FB- won
Buy Facebook around 50.0 if it stays above, for less than 30 minutes expiration, stop if it drops below
Result: won
FB expired @ 50.33 at 11:30am EDT
Result: won
FB expired @ 50.33 at 11:30am EDT
Sell S&P 500- won
Sell S&P 500 @ 1700 if it fails to break above, for less than 30 minutes expiration
Result: won
S&P 500 expired @ 1696.49 at 11am EDT, 1696.12 at 11:30am EDT
Result: won
S&P 500 expired @ 1696.49 at 11am EDT, 1696.12 at 11:30am EDT
Sell FB again- won
Sell Facebook around 50.0 *everytime it fails to break above & drop again, for less than 30 minutes expiration
*Only hold 1 position at a time, stop if it breaks above 50.0
Result: won
FB expired @ 49.84 at 10:30am EDT after reaching 49.96
Then it broke above 50.0 at 10:42am so no more trades after that
*Only hold 1 position at a time, stop if it breaks above 50.0
Result: won
FB expired @ 49.84 at 10:30am EDT after reaching 49.96
Then it broke above 50.0 at 10:42am so no more trades after that
Buy FB @ 50.0
Buy Facebook around 50.0 if it stays above, for less than 30 minutes expiration, stop if it drops below
Sell S&P 500 @ 1700
Sell S&P 500 @ 1700 if it fails to break above, for less than 30 minutes expiration
Sell FB @ 50.0 again
Sell Facebook around 50.0 *everytime it fails to break above & drop again, for less than 30 minutes expiration
*Only hold 1 position at a time, stop if it breaks above 50.0
The more it fails to break above 50.0, the stronger the resistance becomes until it is broken
*Only hold 1 position at a time, stop if it breaks above 50.0
The more it fails to break above 50.0, the stronger the resistance becomes until it is broken
Buy S&P 500- won
Medium risk short term trade:
Buy S&P 500 @ 1700 if it breaks & stays above 1700, for less than 30 minutes expiration
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)
Result: won
S&P 500 expired @ 1701.67 at 10am EDT
Buy S&P 500 @ 1700 if it breaks & stays above 1700, for less than 30 minutes expiration
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)
Result: won
S&P 500 expired @ 1701.67 at 10am EDT
Sell FB- won
Sell Facebook around 50.0 for 30 minutes expiration
50.0 is becoming resistance as it hit 50.0 & dropped twice
Risk: More analysts upgraded FB to "Buy" but 50.0 should at least be a temporary resistance
Result: won
FB expired @ 49.68 at 10am EDT
50.0 is becoming resistance as it hit 50.0 & dropped twice
Risk: More analysts upgraded FB to "Buy" but 50.0 should at least be a temporary resistance
Result: won
FB expired @ 49.68 at 10am EDT
Buy S&P 500 @ 1700
Medium risk short term trade:
Buy S&P 500 @ 1700 if it breaks & stays above 1700, for less than 30 minutes expiration
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)
Buy S&P 500 @ 1700 if it breaks & stays above 1700, for less than 30 minutes expiration
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)
Sell FB @ 50.0
Sell Facebook around 50.0 for 30 minutes expiration
50.0 is becoming resistance as it hit 50.0 & dropped twice
Risk: More analysts upgraded FB to "Buy" but 50.0 should at least be a temporary resistance
50.0 is becoming resistance as it hit 50.0 & dropped twice
Risk: More analysts upgraded FB to "Buy" but 50.0 should at least be a temporary resistance
Trading Signals to watch
Trading Signals to watch:
Yesterday, S&P 500 rebounded around 1692.5 twice but it's not a support, it also broke & barely stayed above 1700 for 1 hour before dropping
Look to buy S&P 500 @ 1700 if it breaks & stays above 1700 again, for less than 30 minutes expiration
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)
Look to sell S&P 500 @ 1700 if it drops below again, for 30 minutes expiration
Yesterday, S&P 500 rebounded around 1692.5 twice but it's not a support, it also broke & barely stayed above 1700 for 1 hour before dropping
Look to buy S&P 500 @ 1700 if it breaks & stays above 1700 again, for less than 30 minutes expiration
Risk: Support @ 1700 is weak & can be broken anytime, only trade if it looks strong enough to at least hold for a while
Shorter expiration is preferred (5-30mins expiration)
Look to sell S&P 500 @ 1700 if it drops below again, for 30 minutes expiration
US economic reports update
Unemployment Claims
Actual: 305K Estimate: 319K Previous: 310K
Final GDP q/q
Actual: 2.5% Estimate: 2.7% Previous: 2.5%
Final GDP Price Index q/q
Actual: 0.6% Estimate: 0.8% Previous: 0.8%
*There are concerns that Unemployment Claims might still be inaccurate & worse than shown
Actual: 305K Estimate: 319K Previous: 310K
Final GDP q/q
Actual: 2.5% Estimate: 2.7% Previous: 2.5%
Final GDP Price Index q/q
Actual: 0.6% Estimate: 0.8% Previous: 0.8%
*There are concerns that Unemployment Claims might still be inaccurate & worse than shown
Stock Market Analysis
S&P 500 dropped for the 5th day in a row, the longest losing streak this year
S&P Futures shows that stocks are trying to rebound today but there are still reasons to be cautious
There are still concerns about America's economic recovery, QE tapering, too much debt & risk of government shutdown
Trading will be riskier until these problems are solved
There might also be sudden high impact news that can change the whole market
Market Psychology:
Not many people will be willing to buy more stocks because of those problems
But since stocks are oversold for the 5th day, bargain hunters can be willing to buy stocks at a low price & push stocks up while others hold their stocks, not sure whether to buy or sell because of uncertainties
Conclusion: It's possible for stocks to rebound & go higher but there will be strong resistances
If it fails to break & stay above resistances for a long time, it should drop more like it did yesterday
S&P Futures shows that stocks are trying to rebound today but there are still reasons to be cautious
There are still concerns about America's economic recovery, QE tapering, too much debt & risk of government shutdown
Trading will be riskier until these problems are solved
There might also be sudden high impact news that can change the whole market
Market Psychology:
Not many people will be willing to buy more stocks because of those problems
But since stocks are oversold for the 5th day, bargain hunters can be willing to buy stocks at a low price & push stocks up while others hold their stocks, not sure whether to buy or sell because of uncertainties
Conclusion: It's possible for stocks to rebound & go higher but there will be strong resistances
If it fails to break & stay above resistances for a long time, it should drop more like it did yesterday
US economic events 26 September 2013
8:30am
Unemployment Claims
Final GDP q/q
Final GDP Price Index q/q
10:00am
Pending Home Sales m/m
10:10am
FOMC Member Stein Speaks
Unemployment Claims
Final GDP q/q
Final GDP Price Index q/q
10:00am
Pending Home Sales m/m
10:10am
FOMC Member Stein Speaks
Wednesday 25 September 2013
Sell S&P 500- 2 wins
Sell S&P 500 around 1700 for 30 minutes expiration if it stays below
Support @ 1700 looks weak & it can turn into a strong resistance
Sell S&P 500 around 1696 for less than 30 minutes expiration if it stays below
Risk: 1696 is not a very strong resistance but it failed to break above 3 times
Results:
Sell S&P 500 @ 1700- won
S&P 500 hit 1699.80, failed to break above @ 1699.69 & dropped sharply, expiring @ 1697.63 at 1:30pm EDT, 1695.19 at 2pm EDT
Sell S&P 500 @ 1696- won
S&P 500 hit 1696.02 & dropped sharply, showing that it's possible to break above 1696 but sellers are stronger than buyers
S&P 500 then broke above & reached 1697 for a while but dropped sharply again & expired @ 1694.54 at 3:30pm EDT
Support @ 1700 looks weak & it can turn into a strong resistance
Sell S&P 500 around 1696 for less than 30 minutes expiration if it stays below
Risk: 1696 is not a very strong resistance but it failed to break above 3 times
Results:
Sell S&P 500 @ 1700- won
S&P 500 hit 1699.80, failed to break above @ 1699.69 & dropped sharply, expiring @ 1697.63 at 1:30pm EDT, 1695.19 at 2pm EDT
Sell S&P 500 @ 1696- won
S&P 500 hit 1696.02 & dropped sharply, showing that it's possible to break above 1696 but sellers are stronger than buyers
S&P 500 then broke above & reached 1697 for a while but dropped sharply again & expired @ 1694.54 at 3:30pm EDT
Sell S&P 500 @ 1696
Sell S&P 500 around 1696 for less than 30 minutes expiration if it stays below
Risk: 1696 is not a very strong resistance but it failed to break above 3 times
Risk: 1696 is not a very strong resistance but it failed to break above 3 times
Sell S&P 500 @ 1700
Sell S&P 500 around 1700 for 30 minutes expiration if it stays below
Support @ 1700 looks weak & it can turn into a strong resistance
Support @ 1700 looks weak & it can turn into a strong resistance
Stock Market Analysis
More Americans are losing faith in the economy's recovery
Only 27% expect the economy to be stronger next year (down from 39%), 44% unchanged & 28% weaker
They also continue to worry about tapering, the Fed's budget, debt ceiling & risk of government shutdown
Trading will be riskier as economic data was weak too
Stocks should drop today but might also rebound after dropping for 4 consecutive days & being oversold
Only 27% expect the economy to be stronger next year (down from 39%), 44% unchanged & 28% weaker
They also continue to worry about tapering, the Fed's budget, debt ceiling & risk of government shutdown
Trading will be riskier as economic data was weak too
Stocks should drop today but might also rebound after dropping for 4 consecutive days & being oversold
US economic reports update
8:30am
Core Durable Goods Orders m/m
Actual: -0.1% Estimate: 1.1% Previous: -0.8%
Durable Goods Orders m/m
Actual: 0.1% Estimate: 0.0% Previous: -7.4%
10:00am
New Home Sales
Core Durable Goods Orders m/m
Actual: -0.1% Estimate: 1.1% Previous: -0.8%
Durable Goods Orders m/m
Actual: 0.1% Estimate: 0.0% Previous: -7.4%
10:00am
New Home Sales
Tuesday 24 September 2013
Trading Signals Results 24 September 2013
Medium risk trades: (supports are still not strong enough)
Buy Apple around 490 if it stays above, for end of day expiration
Buy FB around 49.0 if it stays above, for end of day expiration
Buy Netflix around 300 if it stays above, for end of day expiration
Hedge & sell FB around 49 if it fails to break above, for end of day expiration
Results:
Buy Apple- lost Apple closed @ 489.1
Buy FB- lost FB closed @ 48.46
Buy Netflix- won Netflix closed @ 306.49
Sell FB- won FB closed @ 48.46
We lost buying Apple & FB although both stayed above most of the time because supports are not strong enough & most stocks dropped at the end of the day
Buy Apple around 490 if it stays above, for end of day expiration
Buy FB around 49.0 if it stays above, for end of day expiration
Buy Netflix around 300 if it stays above, for end of day expiration
Hedge & sell FB around 49 if it fails to break above, for end of day expiration
Results:
Buy Apple- lost Apple closed @ 489.1
Buy FB- lost FB closed @ 48.46
Buy Netflix- won Netflix closed @ 306.49
Sell FB- won FB closed @ 48.46
We lost buying Apple & FB although both stayed above most of the time because supports are not strong enough & most stocks dropped at the end of the day
Hedge & sell FB @ 49
Hedge & sell FB around 49 (preferably at the same price you bought) if it fails to break above, for end of day expiration
Buy Apple @ 490, FB @ 49, Netflix @ 390
Medium risk trades: (supports are still not strong enough)
Buy Apple around 490 if it stays above, for end of day expiration
Buy FB around 49.0 if it stays above, for end of day expiration
Buy Netflix around 300 if it stays above, for end of day expiration
Buy Apple around 490 if it stays above, for end of day expiration
Buy FB around 49.0 if it stays above, for end of day expiration
Buy Netflix around 300 if it stays above, for end of day expiration
US economic reports update
S&P/CS Composite-20 HPI y/y
Actual: 12.4% Estimate: 12.5% Previous: 12.1%
HPI m/m
Actual: 1.0% Estimate: 0.9% Previous: 0.7%
CB Consumer Confidence
Actual: 79.7 Estimate: 79.9 Previous: 81.5
Richmond Manufacturing Index
Actual: 0 Estimate: 17 Previous: 14
Actual: 12.4% Estimate: 12.5% Previous: 12.1%
HPI m/m
Actual: 1.0% Estimate: 0.9% Previous: 0.7%
CB Consumer Confidence
Actual: 79.7 Estimate: 79.9 Previous: 81.5
Richmond Manufacturing Index
Actual: 0 Estimate: 17 Previous: 14
Buy S&P 500- invalid
Trading signal results 23 September 2013
Buy S&P 500 around 1700 for 30 minutes expiration if it rebounds & stays above
Result: invalid
S&P 500 dropped below 1700 so it was invalid
Buy S&P 500 around 1700 for 30 minutes expiration if it rebounds & stays above
Result: invalid
S&P 500 dropped below 1700 so it was invalid
Trading Signals to watch
Fed said the economy is weaker than they thought but they might taper in October if the economy is strong enough
More uncertainty as investors worry about the economy & tapering
Apple raised Q4 revenue expectations after selling 9 million iPhones over the weekend
Look to buy Apple around 490 if it stays above, for end of day expiration
It dropped below 490 yesterday so it wasn't safe to buy yet
However, it tried to build support @ 490 after 3pm EDT
It's still weak but it can become a strong support today
China will lift ban on Facebook
Look to buy FB around 47.0 or 48.0 (higher risk) if it stays above, for end of day expiration
Netflix's “House of Cards” wins an Emmy award
Look to buy Netflix around 300 if it stays above, for end of day expiration
Netflix looks weak but managed to stay above 300 yesterday
Yesterday's drop from 320 to 300 could also provide more reasons to buy its stock at a lower price before it goes up again
More uncertainty as investors worry about the economy & tapering
Apple raised Q4 revenue expectations after selling 9 million iPhones over the weekend
Look to buy Apple around 490 if it stays above, for end of day expiration
It dropped below 490 yesterday so it wasn't safe to buy yet
However, it tried to build support @ 490 after 3pm EDT
It's still weak but it can become a strong support today
China will lift ban on Facebook
Look to buy FB around 47.0 or 48.0 (higher risk) if it stays above, for end of day expiration
Netflix's “House of Cards” wins an Emmy award
Look to buy Netflix around 300 if it stays above, for end of day expiration
Netflix looks weak but managed to stay above 300 yesterday
Yesterday's drop from 320 to 300 could also provide more reasons to buy its stock at a lower price before it goes up again
US economic news 24 September 2013
9:00am
S&P/CS Composite-20 HPI y/y
HPI m/m
10:00am
CB Consumer Confidence
Richmond Manufacturing Index
1:00pm
FOMC Member George Speaks
S&P/CS Composite-20 HPI y/y
HPI m/m
10:00am
CB Consumer Confidence
Richmond Manufacturing Index
1:00pm
FOMC Member George Speaks
Monday 23 September 2013
Not safe to trade today
S&P 500 dropped below 1700 so it's not safe to trade now
Most stocks do not look good today, no strong supports or resistances
Not safe to trade today
Most stocks do not look good today, no strong supports or resistances
Not safe to trade today
Buy S&P 500 @ 1700
Buy S&P 500 around 1700 for 30 minutes expiration if it rebounds & stays above
Economic news was bad but it should rebound @ 1700 at least temporarily
Economic news was bad but it should rebound @ 1700 at least temporarily
Stocks to watch
The market should rebound today as it was oversold on Friday
Apple sold a record of 9 million iPhones, beating estimates of 5-8 million
Apple's stock shot up to 496 from 467 & might reach 500 today but it should be too high
Microsoft will release new Surface Tablets today
Microsoft's stock not much changed at 32.72 from 32.79
Citigroup's trading revenue dropped significantly
Citigroup's stock dropped to 49.99 from 51.21
Netflix doubled its subscribers in Canada
Netflix is up to 320.28 from 313.83
Apple sold a record of 9 million iPhones, beating estimates of 5-8 million
Apple's stock shot up to 496 from 467 & might reach 500 today but it should be too high
Microsoft will release new Surface Tablets today
Microsoft's stock not much changed at 32.72 from 32.79
Citigroup's trading revenue dropped significantly
Citigroup's stock dropped to 49.99 from 51.21
Netflix doubled its subscribers in Canada
Netflix is up to 320.28 from 313.83
Friday 20 September 2013
Sell S&P 500- won
Sell S&P 500 around 1720 for 30 minutes expiration
Result: won
S&P 500 expired @ 1715.49 @ 12:00pm EDT & dropped even more later
Investors are over-reacting again after the Fed said that it "might" taper in October
Result: won
S&P 500 expired @ 1715.49 @ 12:00pm EDT & dropped even more later
Investors are over-reacting again after the Fed said that it "might" taper in October
Buy S&P 500- won
Buy S&P 500 around 1720 for 30 minutes expiration
Result: won
S&P 500 expired @ 1721.27 at 11:00am EDT after reaching 1720.61 at 10:32am EDT
Result: won
S&P 500 expired @ 1721.27 at 11:00am EDT after reaching 1720.61 at 10:32am EDT
Buy Apple- lost
Buy Apple around 470 or 475 (higher risk) for end of day expiration
Result: lost
Apple closed @ 467.41, went up in the beginning but dropped later & should be oversold
Analysts are concerned that Apple might not release sales figures on Monday that might indicate low iPhone sales
Look to buy Apple on Monday if iPhone sales are strong
Look to sell Apple if sales figures are weak or not released
Result: lost
Apple closed @ 467.41, went up in the beginning but dropped later & should be oversold
Analysts are concerned that Apple might not release sales figures on Monday that might indicate low iPhone sales
Look to buy Apple on Monday if iPhone sales are strong
Look to sell Apple if sales figures are weak or not released
Sell S&P 500 @ 1720
Sell S&P 500 around 1720 for 30 minutes expiration
S&P 500 broke below 1720 & failed to rebound
S&P 500 broke below 1720 & failed to rebound
Buy S&P 500 @ 1720
Buy S&P 500 around 1720 for 30 minutes expiration
Risk: It dropped below 1720 but might just be oversold
Risk: It dropped below 1720 but might just be oversold
Stock Market Analysis & Trading Signals to Watch
It would be safer to trade until 12pm EDT today as FOMC members will speak after 12:30pm & there should be more volatility near end of the day/week
A pullback happened yesterday as we expected
S&P 500 should trade within the range of 1720-1730 today but it's not confirmed yet until we see market movement
Look to buy S&P 500 @ 1720 & sell @ 1730 for 30 minutes expiration
Remember yesterday when we said that "Apple should stay above 470 & reach 473-475 today if it wants a strong bullish pattern for the next few days"
It did & stayed @ 475 for a long time, but dropped at the end of the day, showing that Apple is not quite strong yet
But Apple's new iPhones are on sale now & its sales are estimated to hit a record of 6 million
This helped strengthen Apple & it should be reaching 480 today but 480 might be too high for now
Look to buy Apple @ 475 or 480 (higher risk) if it stays above, for end of day expiration
Apple also normally posts opening-weekend sales figure on Monday
Look forward to trading Apple on Monday too
Google released digital wallet app for iPhones
But Google still looks weak as it broke below 900 yesterday
Look to buy Google @ 900 if it breaks & stays above 900, for 30 minutes expiration
Facebook reached 46.0 resistance yesterday, watch & see if it has the strength to stay above today
Facebook is also upgraded to "outperform" by analysts
Look to buy FB if it rebounds & stays above 46.0
Look to sell FB if it drops below 46.0 & fails to rebound
Risk: No significant news to help push FB into a direction & FB might just stay around 46.0
McDonald's reached 98.0 yesterday, watch & see if it has the strength to stay above today
Look to sell McD if it drops below 98.0 & fails to rebound
Look to buy McD if it rebounds & stays above 98.0
Risk: No significant news to help push McD into a direction & McD might just stay around 98.0
A pullback happened yesterday as we expected
S&P 500 should trade within the range of 1720-1730 today but it's not confirmed yet until we see market movement
Look to buy S&P 500 @ 1720 & sell @ 1730 for 30 minutes expiration
Remember yesterday when we said that "Apple should stay above 470 & reach 473-475 today if it wants a strong bullish pattern for the next few days"
It did & stayed @ 475 for a long time, but dropped at the end of the day, showing that Apple is not quite strong yet
But Apple's new iPhones are on sale now & its sales are estimated to hit a record of 6 million
This helped strengthen Apple & it should be reaching 480 today but 480 might be too high for now
Look to buy Apple @ 475 or 480 (higher risk) if it stays above, for end of day expiration
Apple also normally posts opening-weekend sales figure on Monday
Look forward to trading Apple on Monday too
Google released digital wallet app for iPhones
But Google still looks weak as it broke below 900 yesterday
Look to buy Google @ 900 if it breaks & stays above 900, for 30 minutes expiration
Facebook reached 46.0 resistance yesterday, watch & see if it has the strength to stay above today
Facebook is also upgraded to "outperform" by analysts
Look to buy FB if it rebounds & stays above 46.0
Look to sell FB if it drops below 46.0 & fails to rebound
Risk: No significant news to help push FB into a direction & FB might just stay around 46.0
McDonald's reached 98.0 yesterday, watch & see if it has the strength to stay above today
Look to sell McD if it drops below 98.0 & fails to rebound
Look to buy McD if it rebounds & stays above 98.0
Risk: No significant news to help push McD into a direction & McD might just stay around 98.0
Thursday 19 September 2013
Trading Signals Results 19 September 2013- 5 wins
Sell S&P 500 around 1730 for 30 minutes expiration or less if it does not break above
Result: won
S&P 500 expired @ 1726.51 at 10:30am EDT after reaching 1728.52 at 10:04am EDT
Buy S&P 500 around 1725 for 30 minutes expiration or less if it does not break below
Result: won
S&P 500 expired @ 1726.27 at 11:00am EDT after reaching 1725.25 at 10:36am EDT
Buy McD around 97.0 for 30 minutes expiration or less if it does not break below
Result: won
McDonald's expired @ 97.265 at 10:30am EDT after reaching 97.12 at 10:00am EDT
Buy Apple around 470 for 30 minutes expiration or less if it does not break below
Result: won
Apple expired @ 473.40 at 11:00am EDT after reaching 472.423 @ 10:42am EDT
Sell Facebook around 46.0 for 30 minutes expiration or less if it does not break above
Result: won (barely)
Facebook expired @ 45.57 @ 10:30am EDT after we issued signal @ 10:13am EDT
5 minutes later, it dropped sharply to 45.36 but rebounded later
Result: won
S&P 500 expired @ 1726.51 at 10:30am EDT after reaching 1728.52 at 10:04am EDT
Buy S&P 500 around 1725 for 30 minutes expiration or less if it does not break below
Result: won
S&P 500 expired @ 1726.27 at 11:00am EDT after reaching 1725.25 at 10:36am EDT
Result: won
McDonald's expired @ 97.265 at 10:30am EDT after reaching 97.12 at 10:00am EDT
Buy Apple around 470 for 30 minutes expiration or less if it does not break below
Result: won
Apple expired @ 473.40 at 11:00am EDT after reaching 472.423 @ 10:42am EDT
Sell Facebook around 46.0 for 30 minutes expiration or less if it does not break above
Result: won (barely)
Facebook expired @ 45.57 @ 10:30am EDT after we issued signal @ 10:13am EDT
5 minutes later, it dropped sharply to 45.36 but rebounded later
Sell FB @ 46.0
Sell Facebook around 46.0 for 30 minutes expiration or less if it does not break above
US economic reports update
Existing Home Sales
Actual: 5.48M Estimate: 5.27M Previous: 5.39M
Philly Fed Manufacturing Index
Actual: 22.3 Estimate: 10.2 Previous: 9.3
CB Leading Index m/m
Actual: 0.7% Estimate:0.6% Previous: 0.6%
Actual: 5.48M Estimate: 5.27M Previous: 5.39M
Philly Fed Manufacturing Index
Actual: 22.3 Estimate: 10.2 Previous: 9.3
CB Leading Index m/m
Actual: 0.7% Estimate:0.6% Previous: 0.6%
Buy S&P 500 @ 1725
Buy S&P 500 around 1725 for 30 minutes expiration or less if it does not break below
Rebound @ 1725, yesterday's closing price
Rebound @ 1725, yesterday's closing price
Buy McD @ 97.0
Buy McD around 97.0 for 30 minutes expiration or less if it does not break below
McD dropped too much & is oversold, support @ 97.0
McD dropped too much & is oversold, support @ 97.0
Sell S&P 500 @ 1730
Sell S&P 500 around 1730 for 30 minutes expiration or less if it does not break above
Trading signals to watch
Stocks are too high & the market is in uncharted territory
A pullback might happen today, but stocks are still slightly going up
Trading today will be short term & medium risk to avoid a sudden pullback that might happen anytime later
We see 1730 as resistance for S&P 500 today
Look to sell S&P 500 @ 1730
Apple released iTunes Radio & iOS 7
Apple should stay above 470 & reach 473-475 today if it wants a strong bullish pattern for the next few days
Look to buy Apple around 470
McDonald's raised its dividends by 5% but was expected a 10%-15% raise
McD's stock is slightly down for now, resistance @ 99.0
Look to sell McD around 99.0
Google is investing in a new health company
Google's support @ 900
Facebook's support @ 45.0, resistance @ 46.0
A pullback might happen today, but stocks are still slightly going up
Trading today will be short term & medium risk to avoid a sudden pullback that might happen anytime later
We see 1730 as resistance for S&P 500 today
Look to sell S&P 500 @ 1730
Apple released iTunes Radio & iOS 7
Apple should stay above 470 & reach 473-475 today if it wants a strong bullish pattern for the next few days
Look to buy Apple around 470
McDonald's raised its dividends by 5% but was expected a 10%-15% raise
McD's stock is slightly down for now, resistance @ 99.0
Look to sell McD around 99.0
Google is investing in a new health company
Google's support @ 900
Facebook's support @ 45.0, resistance @ 46.0
US economic reports update
Unemployment Claims
Actual: 309K Estimate: 331K Previous: 292K
Current Account
Actual: -99B Estimate: -96B Previous: -106B
Actual: 309K Estimate: 331K Previous: 292K
Current Account
Actual: -99B Estimate: -96B Previous: -106B
US economic reports 19 September 2013
8:30am
Unemployment Claims
Current Account
10:00am
Existing Home Sales
Philly Fed Manufacturing Index
CB Leading Index m/m
Unemployment Claims
Current Account
10:00am
Existing Home Sales
Philly Fed Manufacturing Index
CB Leading Index m/m
Wednesday 18 September 2013
Sell S&P 500- won
High risk trade
Sell S&P 500 around 1730 for 4pm EDT end of day expiration
Result: won
S&P 500 closed @ 1725.53
We only do high risk trades if we're very confident
1st reason: overbought, 2nd: resistance found @ 1730, 3rd: downtrend started, 4th: traders should also take profit at the end of the day
That was why we were willing to risk selling stocks despite the good news of no taper
We also did not buy in the first place as we were being cautious because it jumped from 1702.44 to 1716.64 in 2 minutes & was overbought
Sell S&P 500 around 1730 for 4pm EDT end of day expiration
Result: won
S&P 500 closed @ 1725.53
We only do high risk trades if we're very confident
1st reason: overbought, 2nd: resistance found @ 1730, 3rd: downtrend started, 4th: traders should also take profit at the end of the day
That was why we were willing to risk selling stocks despite the good news of no taper
We also did not buy in the first place as we were being cautious because it jumped from 1702.44 to 1716.64 in 2 minutes & was overbought
Sell S&P 500 @ 1730
High risk trade
Sell S&P 500 around 1730 for 4pm EDT end of day expiration
The Fed did not taper at all, S&P 500 jumped to 1720 then 1730 & is overbought
But resistance found @ 1730, downtrend started
Traders should also take profit at the end of the day
Risk: Traders decide not to take profit today
We are selling stocks despite good news
Sell S&P 500 around 1730 for 4pm EDT end of day expiration
The Fed did not taper at all, S&P 500 jumped to 1720 then 1730 & is overbought
But resistance found @ 1730, downtrend started
Traders should also take profit at the end of the day
Risk: Traders decide not to take profit today
We are selling stocks despite good news
Stock Market Analysis
Trading today will be at an even higher risk as FOMC statement will be announced today
A light taper of $10 billion is expected, more than $20 billion should result in a huge drop in stocks
Stocks are at an all-time high but still seem to be going up yesterday
There's also the possibility of the market setting up for a huge fall
No clear trend yet as the market remains undecided
A light taper of $10 billion is expected, more than $20 billion should result in a huge drop in stocks
Stocks are at an all-time high but still seem to be going up yesterday
There's also the possibility of the market setting up for a huge fall
No clear trend yet as the market remains undecided
US economic reports update
Building Permits
Actual: 0.92M Estimate: 0.95M Previous: 0.95M
Housing Starts
Actual: 0.89M Estimate: 0.93M Previous: 0.88M
Actual: 0.92M Estimate: 0.95M Previous: 0.95M
Housing Starts
Actual: 0.89M Estimate: 0.93M Previous: 0.88M
US economic events 18 September 2013
8:30am
Building Permits
Housing Starts
2:00pm
FOMC Economic Projections
FOMC Statement
Federal Funds Rate
2:30pm
FOMC Press Conference
Building Permits
Housing Starts
2:00pm
FOMC Economic Projections
FOMC Statement
Federal Funds Rate
2:30pm
FOMC Press Conference
Tuesday 17 September 2013
Sell S&P 500- won
Sell S&P 500 around 1705 for 4pm EDT end of day expiration if it doesn't break above
Result: won (barely)
S&P 500 closed @ 1704.76
At first it dropped to 1703.65, but then it suddenly went back up
As we mentioned earlier, it can be volatile near end of day & might suddenly go up again
We were trading at a higher risk today, therefore you should trade as close to our price as possible to increase your chances of winning
Result: won (barely)
S&P 500 closed @ 1704.76
At first it dropped to 1703.65, but then it suddenly went back up
As we mentioned earlier, it can be volatile near end of day & might suddenly go up again
We were trading at a higher risk today, therefore you should trade as close to our price as possible to increase your chances of winning
Sell S&P 500- invalid
Sell S&P 500 around 1703 if it drops below & fails to rebound for 1 hour expiration
Result: invalid
It broke above & reached 1703.09, then 1703.13 & 1703.47
Finally, it used 1703 as support to reach 1705
Result: invalid
It broke above & reached 1703.09, then 1703.13 & 1703.47
Finally, it used 1703 as support to reach 1705
Buy Microsoft- won
Buy Microsoft around 33.0 for 12pm EDT expiration
Result: won (barely)
Microsoft expired @ 33.04
We should use a shorter expiration for short term trades to increase our chances of winning because trends can change anytime
Result: won (barely)
Microsoft expired @ 33.04
We should use a shorter expiration for short term trades to increase our chances of winning because trends can change anytime
Sell S&P 500 @ 1705
Medium risk trade
Sell S&P 500 around 1705 for 4pm EDT end of day expiration if it doesn't break above
Resistance @ 1705
Risk: it can be volatile near end of day, might suddenly break above 1705
Sell S&P 500 around 1705 for 4pm EDT end of day expiration if it doesn't break above
Resistance @ 1705
Risk: it can be volatile near end of day, might suddenly break above 1705
Sell S&P 500 @ 1703
Medium risk trade
Sell S&P 500 around 1703 if it drops below & fails to rebound for 1 hour expiration
S&P 500 is undecided between 1703-1704, but 1703 looks weaker & stocks shouldn't be too high before FOMC meeting tomorrow
It dropped below 1703 once, if it fails to rebound, it should drop more
Sell S&P 500 around 1703 if it drops below & fails to rebound for 1 hour expiration
S&P 500 is undecided between 1703-1704, but 1703 looks weaker & stocks shouldn't be too high before FOMC meeting tomorrow
It dropped below 1703 once, if it fails to rebound, it should drop more
Buy Microsoft @ 33.0
Medium risk trade
Buy Microsoft around 33.0 for 12pm EDT expiration
Microsoft announced another $40 billion buyback & an increase in its dividends
Stocks opened too high around 33.4, dropped back below 33.0 & is now rebounding from 33.0
It should be safer to buy now
Risk:
Stocks might drop later today
It dropped below 33.0 so it can drop again, but since it rebounded, it should go up higher for now, at least temporarily
Buy Microsoft around 33.0 for 12pm EDT expiration
Microsoft announced another $40 billion buyback & an increase in its dividends
Stocks opened too high around 33.4, dropped back below 33.0 & is now rebounding from 33.0
It should be safer to buy now
Risk:
Stocks might drop later today
It dropped below 33.0 so it can drop again, but since it rebounded, it should go up higher for now, at least temporarily
US economic reports update
Core CPI m/m
Actual: 0.1% Estimate: 0.1% Previous: 0.2%
CPI m/m
Actual: 0.1% Estimate: 0.2% Previous: 0.2%
TIC Long-Term Purchases
Actual: 31.1B Estimate: -45.3B Previous: -66.9B
Actual: 0.1% Estimate: 0.1% Previous: 0.2%
CPI m/m
Actual: 0.1% Estimate: 0.2% Previous: 0.2%
TIC Long-Term Purchases
Actual: 31.1B Estimate: -45.3B Previous: -66.9B
Stock Market Analysis
Investors are cautious today as it awaits Fed's decision about QE tapering tomorrow, so should we
Stock futures dropped 10 points
The market might try to reach 1700 again, but should stay below it at the end of the day if they continue being cautious
Therefore S&P 500 might trade within the range of 1690-1700, with a higher possibility of going down at the end of the day
Stock futures dropped 10 points
The market might try to reach 1700 again, but should stay below it at the end of the day if they continue being cautious
Therefore S&P 500 might trade within the range of 1690-1700, with a higher possibility of going down at the end of the day
US economic news 17 September 2013
8:15am
Treasury Sec Lew Speaks
8:30am
Core CPI m/m
CPI m/m
9:00am
TIC Long-Term Purchases
10:00am
NAHB Housing Market Index
Treasury Sec Lew Speaks
8:30am
Core CPI m/m
CPI m/m
9:00am
TIC Long-Term Purchases
10:00am
NAHB Housing Market Index
Monday 16 September 2013
Sell S&P 500- won
Sell S&P 500 around 1703 for 30 minutes expiration or less
Result: won
S&P 500 expired at 1701.97 @ 1:30pm EDT & dropped even more later
We did not sell more after that since there's still the possibility of it staying barely above or below 1700 & the market gets more volatile near end of day
Result: won
S&P 500 expired at 1701.97 @ 1:30pm EDT & dropped even more later
We did not sell more after that since there's still the possibility of it staying barely above or below 1700 & the market gets more volatile near end of day
Sell S&P Futures- lost
Sell S&P Futures around 1700 for 30 minutes expiration (10am EDT) using AnyOption
AnyOption's price is too high now (1702) & should drop back to normal (1694) at expiration because it thinks it'll go higher but it uses real market expiry levels from Reuters
Result: lost
AnyOption's expiry price is 1701.723
Apparently 1700+ was Reuter's real market expiry levels & they provided proof
We're still investigating why there's such a huge price difference between other sites since all claim to follow real market price but from different sources, the price difference shouldn't be too big
This signal is mostly based on the huge price difference
We also saw that it would drop more, at least temporarily & it was quite risky, that's why we chose a very short expiration
But it took a few more minutes than that, dropping a lot from 10:02am to 10:04am & rebounded later
The only reason we issued this risky signal is because we've easily won some trades with extra leverage taking advantage of their price difference if it's too much, because AnyOption's trading price can sometimes be different but it must use real market expiry price
AnyOption's price is too high now (1702) & should drop back to normal (1694) at expiration because it thinks it'll go higher but it uses real market expiry levels from Reuters
Result: lost
AnyOption's expiry price is 1701.723
Apparently 1700+ was Reuter's real market expiry levels & they provided proof
We're still investigating why there's such a huge price difference between other sites since all claim to follow real market price but from different sources, the price difference shouldn't be too big
This signal is mostly based on the huge price difference
We also saw that it would drop more, at least temporarily & it was quite risky, that's why we chose a very short expiration
But it took a few more minutes than that, dropping a lot from 10:02am to 10:04am & rebounded later
The only reason we issued this risky signal is because we've easily won some trades with extra leverage taking advantage of their price difference if it's too much, because AnyOption's trading price can sometimes be different but it must use real market expiry price
Sell S&P 500 @ 1703
Medium risk trade
Sell S&P 500 around 1703 for 30 minutes expiration or less
Temporary resistance @ 1703
Risk: Support should be around 1700 & might rebound higher later but not too soon
Sell S&P 500 around 1703 for 30 minutes expiration or less
Temporary resistance @ 1703
Risk: Support should be around 1700 & might rebound higher later but not too soon
Sell S&P Futures @ 1700
Sell S&P Futures around 1700 for 30 minutes expiration (10am EDT) using AnyOption
AnyOption's price is too high now (1702) & should drop back to normal (1694) at expiration because it thinks it'll go higher but it uses real market expiry levels from Reuters
AnyOption's price is too high now (1702) & should drop back to normal (1694) at expiration because it thinks it'll go higher but it uses real market expiry levels from Reuters
US economic reports update & analysis
Empire State Manufacturing Index
Actual: 6.3 Estimate: 9.2 Previous: 8.2
Capacity Utilization Rate
Actual: 77.8% Estimate: 77.8% Previous: 77.6%
Industrial Production m/m
Actual: 0.4% Estimate: 0.5% Previous: 0.0%
Bad economic news might help S&P 500 build support @ 1700 because the Fed will decide whether it should start QE tapering at its September 17-18 meeting
But it should not go too high & might just stay barely above 1700 because the decision has not been made
It will be hard to trade today as it is also possible for it to stay barely below 1700 before Fed's decision
Actual: 6.3 Estimate: 9.2 Previous: 8.2
Capacity Utilization Rate
Actual: 77.8% Estimate: 77.8% Previous: 77.6%
Industrial Production m/m
Actual: 0.4% Estimate: 0.5% Previous: 0.0%
Bad economic news might help S&P 500 build support @ 1700 because the Fed will decide whether it should start QE tapering at its September 17-18 meeting
But it should not go too high & might just stay barely above 1700 because the decision has not been made
It will be hard to trade today as it is also possible for it to stay barely below 1700 before Fed's decision
Stock Market Analysis
Lawrence Summer withdrew from being a candidate for Federal Reserve chairman
US & Russia reached an agreement to destroy Syria's chemical weapons instead of attacking them
US stock futures shot up to 1700 & might be too high
But the market is trying to build support @ 1700
However, 1700 can also become resistance if it fails to stay above because it's too high
1700 is also a psychological resistance
Federal Reserve officials will also decide at their September 17-18 meeting if they should start QE tapering
So the market might just stay around 1700 & wait for the news before going up higher if there's no QE tapering yet
US & Russia reached an agreement to destroy Syria's chemical weapons instead of attacking them
US stock futures shot up to 1700 & might be too high
But the market is trying to build support @ 1700
However, 1700 can also become resistance if it fails to stay above because it's too high
1700 is also a psychological resistance
Federal Reserve officials will also decide at their September 17-18 meeting if they should start QE tapering
So the market might just stay around 1700 & wait for the news before going up higher if there's no QE tapering yet
US economic reports 16 September 2013
8:30am
Empire State Manufacturing Index
9:15am
Capacity Utilization Rate
Industrial Production m/m
Empire State Manufacturing Index
9:15am
Capacity Utilization Rate
Industrial Production m/m
Friday 13 September 2013
Not safe to trade today
S&P 500 is building support @ 1687
Although it's still below 1688, it might break above 1690 if the support is strong enough to propel it higher
Not safe to trade today as stocks fluctuate, stocks also tend to have higher volatility on Fridays
Although it's still below 1688, it might break above 1690 if the support is strong enough to propel it higher
Not safe to trade today as stocks fluctuate, stocks also tend to have higher volatility on Fridays
Stock Market Analysis
Consumer sentiment was lower as we expected but S&P 500 dropped too fast @ 1687, not even reaching 1690
S&P 500 might be rebounding @ 1682 again but not safe to buy today as most stocks are dropping
S&P 500 might be rebounding @ 1682 again but not safe to buy today as most stocks are dropping
US economic reports update
Prelim UoM Consumer Sentiment
Actual: 76.8 Estimate: 82.6 Previous: 82.1
Prelim UoM Inflation Expectations
Actual: 3.2% Previous: 3.0%
Business Inventories m/m
Actual: 0.4% Estimate: 0.4% Previous: 0.0%
Actual: 76.8 Estimate: 82.6 Previous: 82.1
Prelim UoM Inflation Expectations
Actual: 3.2% Previous: 3.0%
Business Inventories m/m
Actual: 0.4% Estimate: 0.4% Previous: 0.0%
Stock Market Analysis
US stocks dropped after a report saying that Lawrence Summers would be replacing Ben Bernanke as Summers is more hawkish & might cutback QE even faster
Later, White House said that the report was wrong & the decision has not been made
Economic news were mostly worse than estimates & we expect consumer confidence to be lower too
On the other hand, worse economic news means QE tapering will be delayed which is good for stocks
Investors are also less fearful about QE tapering, 57% say that they don't expect a sudden change in the market as Ben Bernanke's plan to reduce impact of actual QE tapering by warning investors ahead has worked
But there's still the problem of US not having enough money to pay its bills & US government shutdown is at risk
So the market might be mixed & we should trade less today
Overall, the market wants to go up but statistics say that it should go down
Look to sell S&P 500 around 1690 if it can't break & stay above
It might try to reach 1690 again but should fail to stay above it
Later, White House said that the report was wrong & the decision has not been made
Economic news were mostly worse than estimates & we expect consumer confidence to be lower too
On the other hand, worse economic news means QE tapering will be delayed which is good for stocks
Investors are also less fearful about QE tapering, 57% say that they don't expect a sudden change in the market as Ben Bernanke's plan to reduce impact of actual QE tapering by warning investors ahead has worked
But there's still the problem of US not having enough money to pay its bills & US government shutdown is at risk
So the market might be mixed & we should trade less today
Overall, the market wants to go up but statistics say that it should go down
Look to sell S&P 500 around 1690 if it can't break & stay above
It might try to reach 1690 again but should fail to stay above it
US economic reports 13 September 2013
Core Retail Sales m/m
Actual: 0.1% Estimate: 0.3% Previous: 0.5%
PPI m/m
Actual: 0.3% Estimate: 0.2% Previous: 0.0%
Retail Sales m/m
Actual: 0.2% Estimate: 0.5% Previous: 0.2%
Core PPI m/m
Actual: 0.0% Estimate: 0.2% Previous: 0.1%
9:55am
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
10:00am
Business Inventories m/m
Actual: 0.1% Estimate: 0.3% Previous: 0.5%
PPI m/m
Actual: 0.3% Estimate: 0.2% Previous: 0.0%
Retail Sales m/m
Actual: 0.2% Estimate: 0.5% Previous: 0.2%
Core PPI m/m
Actual: 0.0% Estimate: 0.2% Previous: 0.1%
9:55am
Prelim UoM Consumer Sentiment
Prelim UoM Inflation Expectations
10:00am
Business Inventories m/m
Thursday 12 September 2013
Buy Yahoo- Invalid
Buy Yahoo around 29 if it rebounds & stays above
For 30 minutes- 1hour expiration
Result: Invalid
Yahoo rebounded too high @ 29.5 & did not reach strong support @ 29.0
For 30 minutes- 1hour expiration
Result: Invalid
Yahoo rebounded too high @ 29.5 & did not reach strong support @ 29.0
Buy Facebook- Invalid
Buy Facebook around 45 if it rebounds & stays above
For 30 minutes-1hour expiration
Result: Invalid
Facebook dropped below 45 so it was invalid
Buy Facebook @ 45 if it stays above, even though it dropped below for a while, might be just oversold
For 30 minutes-1hour expiration
Result: Invalid
Facebook dropped below 45 again so it was invalid
Although if you bought exactly @ 45.0 or below, you would've still barely won
Facebook expired @ 45.05 at 12:30pm EDT , 45.069 at 1pm EDT
For 30 minutes-1hour expiration
Result: Invalid
Facebook dropped below 45 so it was invalid
Buy Facebook @ 45 if it stays above, even though it dropped below for a while, might be just oversold
For 30 minutes-1hour expiration
Result: Invalid
Facebook dropped below 45 again so it was invalid
Although if you bought exactly @ 45.0 or below, you would've still barely won
Facebook expired @ 45.05 at 12:30pm EDT , 45.069 at 1pm EDT
Buy Google- 1 win
Buy Google around 891.5 if it rebounds & stays above
For 30 minutes-1hour expiration
Result: Invalid
Google dropped below 891.5 so it was invalid
After we found Google's 2nd & stronger support @ 890, we issued another signal:
Buy Google even after it dropped below yesterday's support @ 891.5
For 30 minutes-1hour expiration
Result: Won
Google rebounded at 12:26pm EDT, expired @ 892.355 at 1pm EDT, 894.91 at 1:30pm EDT
For 30 minutes-1hour expiration
Result: Invalid
Google dropped below 891.5 so it was invalid
After we found Google's 2nd & stronger support @ 890, we issued another signal:
Buy Google even after it dropped below yesterday's support @ 891.5
For 30 minutes-1hour expiration
Result: Won
Google rebounded at 12:26pm EDT, expired @ 892.355 at 1pm EDT, 894.91 at 1:30pm EDT
Buy Apple- 2 wins
Buy Apple around 465 if it rebounds & stays above
For 30 minutes-1hour expiration
Result: Won
Apple rebounded & expired @ 469.108 at 10:30am EDT, 469.78 at 11:00am EDT
After Apple broke above resistance @ 470, we stated that it will most likely stay above 470 at least for a while, if not for the day & it did for both
Buy Apple again @ 470 if it stays above, for 1 hour expiration
Result: Won
Apple expired @ 472.885 at 12pm EDT, also closed @ 472.69 at the end of the day
For 30 minutes-1hour expiration
Result: Won
Apple rebounded & expired @ 469.108 at 10:30am EDT, 469.78 at 11:00am EDT
After Apple broke above resistance @ 470, we stated that it will most likely stay above 470 at least for a while, if not for the day & it did for both
Buy Apple again @ 470 if it stays above, for 1 hour expiration
Result: Won
Apple expired @ 472.885 at 12pm EDT, also closed @ 472.69 at the end of the day
Sell S&P 500- won
Sell S&P 500 around 1690 if it stays below, for end of day expiration
Result: Won
S&P 500 closed @ 1683.42
Result: Won
S&P 500 closed @ 1683.42
Stock Market Analysis
S&P 500 should stay below 1686 today
Apple should stay above 470 today
Google's still testing 894 & 896 resistance
Facebook should stay below 45 today
Yahoo should stay below 30 today
We say "should", but the market won't always move in the right direction
Federal Budget Balance was negative as expected, but slightly better than estimates
Market might be mixed, trading after it was announced will be considered high risk
Apple should stay above 470 today
Google's still testing 894 & 896 resistance
Facebook should stay below 45 today
Yahoo should stay below 30 today
We say "should", but the market won't always move in the right direction
Federal Budget Balance was negative as expected, but slightly better than estimates
Market might be mixed, trading after it was announced will be considered high risk
Federal Budget Balance update
Federal Budget Balance
Actual: -147.9B Estimate: -155.3B Previous: -97.6B
Actual: -147.9B Estimate: -155.3B Previous: -97.6B
Stop trading for today
Stop trading after 1pm EDT for today, risk is getting higher as Federal Budget Balance is nearer (2pm EDT)
Stocks might become volatile & unpredictable
S&P 500 looks like it's trying to rebound from 1682 but too risky to buy today
Apple is dropping after reaching 475
Google formed resistance around 894
Facebook is still testing 45.0, it's not certain if it can hold anymore later
Stocks might become volatile & unpredictable
S&P 500 looks like it's trying to rebound from 1682 but too risky to buy today
Apple is dropping after reaching 475
Google formed resistance around 894
Facebook is still testing 45.0, it's not certain if it can hold anymore later
Buy FB @ 45
Buy Facebook @ 45 if it stays above, even though it dropped below for a while, might be just oversold
FB is rebounding @ 45
FB is rebounding @ 45
Buy Apple @ 470
Buy Apple again @ 470 if it stays above, for 1 hour expiration
Apple broke above 470 resistance & will most likely stay above 470 at least for a while, if not for the day
Apple broke above 470 resistance & will most likely stay above 470 at least for a while, if not for the day
Buy Google @ 890
Google's support dropped to 890
Buy Google even after it dropped below yesterday's support @ 891.5
30minutes-1 hour expiration
Buy Google even after it dropped below yesterday's support @ 891.5
30minutes-1 hour expiration
Trading Signals to watch
Trading today will be at a higher risk because of US debt
Federal Budget Balance at 2pm EDT should be negative as US is in more debt
Sell S&P 500 around 1690 if it stays below, for end of day expiration
However, there are still possible "Buy" trades to be made if stocks rebound
Buy Apple around 465 if it rebounds & stays above
Apple is too low & oversold, support @ 460, 465
Billionaire Icahn bought more Apple stock yesterday when it dropped below 470
Buy Google around 891.5 if it rebounds & stays above
Google announced 4 new Chromebooks
Google is upgraded to "Buy"
Buy Facebook around 45 if it rebounds & stays above
Facebook's Chief Operating Officer met with the head of China's Internet regulator & this might open doors for Facebook to China, which is banned in China
Facebook set a new record high just above 45 yesterday
Facebook is upgraded to "Buy"
Buy Yahoo around 29 if it rebounds & stays above
Yahoo reached 800 million monthly active users
We prefer short term "buy" trades instead of end of day expiration because Federal Budget Balance might pull stocks down
Try 30 minutes-1 hour expiration
Federal Budget Balance at 2pm EDT should be negative as US is in more debt
Sell S&P 500 around 1690 if it stays below, for end of day expiration
However, there are still possible "Buy" trades to be made if stocks rebound
Buy Apple around 465 if it rebounds & stays above
Apple is too low & oversold, support @ 460, 465
Billionaire Icahn bought more Apple stock yesterday when it dropped below 470
Buy Google around 891.5 if it rebounds & stays above
Google announced 4 new Chromebooks
Google is upgraded to "Buy"
Buy Facebook around 45 if it rebounds & stays above
Facebook's Chief Operating Officer met with the head of China's Internet regulator & this might open doors for Facebook to China, which is banned in China
Facebook set a new record high just above 45 yesterday
Facebook is upgraded to "Buy"
Buy Yahoo around 29 if it rebounds & stays above
Yahoo reached 800 million monthly active users
We prefer short term "buy" trades instead of end of day expiration because Federal Budget Balance might pull stocks down
Try 30 minutes-1 hour expiration
Stock Market Analysis
Unemployment claims were less than expected but it's because work on computer systems in 2 states caused fewer applications to be reported
House Republican leaders are struggling to avoid a US government shutdown because of too much debt
Debt limit could be reached by mid-October
US stocks should go down today unless the problem is solved
Not quite safe to trade today
House Republican leaders are struggling to avoid a US government shutdown because of too much debt
Debt limit could be reached by mid-October
US stocks should go down today unless the problem is solved
Not quite safe to trade today
US economic reports update
Unemployment Claims
Actual: 292K Estimate: 332K Previous: 323K
Import Prices m/m
Actual: 0.0% Estimate: 0.6% Previous: 0.1%
Actual: 292K Estimate: 332K Previous: 323K
Import Prices m/m
Actual: 0.0% Estimate: 0.6% Previous: 0.1%
US economic events 12 September 2013
8:30am
Unemployment Claims
Import Prices m/m
9:00am
FOMC Member Dudley Speaks
2:00pm
Federal Budget Balance
Unemployment Claims
Import Prices m/m
9:00am
FOMC Member Dudley Speaks
2:00pm
Federal Budget Balance
Wednesday 11 September 2013
Trading signals to watch
Apple's rebound is confirmed after it reached 470 & is staying there, support @ 465
Although Apple can close around 470 today, 470's not too safe to buy yet & might become resistance for today
Buy Apple around 465 if it drops back to 465 & rebound again, for 4pm EDT end of day expiration
Risk: Apple received triple downgrades today, but support is strong @ 465
Although Apple can close around 470 today, 470's not too safe to buy yet & might become resistance for today
Buy Apple around 465 if it drops back to 465 & rebound again, for 4pm EDT end of day expiration
Risk: Apple received triple downgrades today, but support is strong @ 465
Stocks to Watch- Apple
Apple dropped another 20 points to 474 which is oversold
Even though Apple disappointed us yesterday, it's still a strong & profitable company
Let's see if it can rebound today
Apple is also downgraded from buy to neutral, but price target remains at $520
Even though Apple disappointed us yesterday, it's still a strong & profitable company
Let's see if it can rebound today
Apple is also downgraded from buy to neutral, but price target remains at $520
Tuesday 10 September 2013
Buy Apple- 2 losses, Sell Apple- 2 wins
10 September 2013 Trading Signals:
Buy Apple around 500 for 4pm EDT end of day expiration
Buy Apple again around 502 for 4pm EDT end of day expiration
Hedge & sell Apple (Double) around 496-500 for 4pm EDT end of day expiration
Results: 2 (Buy) losses, 2 (Sell) wins
Apple closed @ 494.64, dropping after the event was over
Apple failed to impress:
Apple's "budget" iPhone will start at $549, disappointing investors
No new Apple TV, iWatch or other surprises either
Buy Apple around 500 for 4pm EDT end of day expiration
Buy Apple again around 502 for 4pm EDT end of day expiration
Hedge & sell Apple (Double) around 496-500 for 4pm EDT end of day expiration
Results: 2 (Buy) losses, 2 (Sell) wins
Apple closed @ 494.64, dropping after the event was over
Apple failed to impress:
Apple's "budget" iPhone will start at $549, disappointing investors
No new Apple TV, iWatch or other surprises either
Hedge & Sell Apple (Double)
Hedge & sell Apple (Double) around 496-500 for 4pm EDT end of day expiration
Apple dropped below 500, double top resistance found @ 499
Apple dropped below 500, double top resistance found @ 499
Buy Apple @ 502
Buy Apple again around 502 for 4pm EDT end of day expiration
New iPhones are confirmed
New iPhones are confirmed
Buy Apple @ 500
Medium risk trade:
Buy Apple around 500 for 4pm EDT end of day expiration
Risk: Apple dropped from the beginning, 503 seems to be temporary resistance for now, but Apple is also trying to stay above 500 & it should
Buy Apple around 500 for 4pm EDT end of day expiration
Risk: Apple dropped from the beginning, 503 seems to be temporary resistance for now, but Apple is also trying to stay above 500 & it should
Stocks to Watch- Apple
Apple's special event is at 1pm EDT today
Apple should stay around 510 if it can live up to the hype
Look to buy Apple around 505-507 for 4pm EDT end of day expiration
Risks: Too much hype can result in disappointing easily
Traders might also sell & take profit today
But as long as Apple does unveil new iPhones, that should mean more sales & profit for Apple, so its stock should go up
Apple should stay around 510 if it can live up to the hype
Look to buy Apple around 505-507 for 4pm EDT end of day expiration
Risks: Too much hype can result in disappointing easily
Traders might also sell & take profit today
But as long as Apple does unveil new iPhones, that should mean more sales & profit for Apple, so its stock should go up
Monday 9 September 2013
Buy Apple- won
Buy Apple around 505 for 4pm EDT end of day expiration
Result: won
Apple closed @ 506.17
Result: won
Apple closed @ 506.17
Buy Apple @ 505
Medium risk trade:
Buy Apple around 505 for 4pm EDT end of day expiration
Risk: no support found yet, estimated @ 500, double & buy again if it hits 500 & rebound
Buy Apple around 505 for 4pm EDT end of day expiration
Risk: no support found yet, estimated @ 500, double & buy again if it hits 500 & rebound
Stocks to Watch- Apple
Apple will hold a special event tomorrow
It is expected to launch new iPhones & more, investors will buy its stock ahead
Look to buy Apple for 4pm end of day expiration
We estimate that Apple can reach 510 today, but it's safer to watch 1st & buy around 500 if possible
It is expected to launch new iPhones & more, investors will buy its stock ahead
Look to buy Apple for 4pm end of day expiration
We estimate that Apple can reach 510 today, but it's safer to watch 1st & buy around 500 if possible
Friday 6 September 2013
Not safe to trade anymore
Not safe to trade today as things are heating up at the G20 Meeting
Obama stands firm on Syria strike
Russian President said that Russia will help Syria if US strikes Syria
G20 is divided but most are voting against attacking Syria
Speculations:
If UN does not authorize US to attack Syria, Obama might still attack Syria anyway, saying he has the right to do so
Then Russia will attack US & US allies will also retaliate as we mentioned before
As more countries intervene, war might ensue
Obama stands firm on Syria strike
Russian President said that Russia will help Syria if US strikes Syria
G20 is divided but most are voting against attacking Syria
Speculations:
If UN does not authorize US to attack Syria, Obama might still attack Syria anyway, saying he has the right to do so
Then Russia will attack US & US allies will also retaliate as we mentioned before
As more countries intervene, war might ensue
Buy S&P Futures- lost
Medium risk trade:
Buy S&P Futures around 1659 for 9:30am EDT expiration if it does not drop below
Result: lost
S&P Futures expired at 1659.125, barely above 1659 so we'll count it as a loss
Breaking news: Russia will help Syria if it's attacked
That sent stocks dropping even further to 1642
Buy S&P Futures around 1659 for 9:30am EDT expiration if it does not drop below
Result: lost
S&P Futures expired at 1659.125, barely above 1659 so we'll count it as a loss
Breaking news: Russia will help Syria if it's attacked
That sent stocks dropping even further to 1642
Look to buy S&P 500 around 1660
Stock Futures are going up because of weak Non-Farm Payrolls data which might delay Quantitative Easing tapering
S&P Futures temporary resistance is now at 1663
Wait for the market to open & look to buy S&P 500 if it stays above 1660
S&P Futures temporary resistance is now at 1663
Wait for the market to open & look to buy S&P 500 if it stays above 1660
Buy S&P Futures @ 1659
Medium risk trade:
Buy S&P Futures around 1659 for 9:30am EDT expiration if it does not drop below
S&P Futures hit 1659 & rebound twice
Buy S&P Futures around 1659 for 9:30am EDT expiration if it does not drop below
S&P Futures hit 1659 & rebound twice
US economic reports update
Non-Farm Employment Change
Actual: 169K Estimate: 178K Previous: 162K
Unemployment Rate
Actual: 7.3% Estimate: 7.4% Previous: 7.4%
Average Hourly Earnings m/m
Actual: 0.2% Estimate: 0.2% Previous: -0.1%
Actual: 169K Estimate: 178K Previous: 162K
Unemployment Rate
Actual: 7.3% Estimate: 7.4% Previous: 7.4%
Average Hourly Earnings m/m
Actual: 0.2% Estimate: 0.2% Previous: -0.1%
Stock Market Analysis
Stock Futures are going up ahead of Non-Farm Payrolls
Temporary resistance around 1659 but it's not safe to trade during the news
S&P Futures went up too high & should drop under normal circumstances, but today is different because of NFP & the market looks like it wants to break above 1660
Too risky to trade, watch first for now
Temporary resistance around 1659 but it's not safe to trade during the news
S&P Futures went up too high & should drop under normal circumstances, but today is different because of NFP & the market looks like it wants to break above 1660
Too risky to trade, watch first for now
US economic events 6 September 2013
8:00am
FOMC Member Evans Speaks
8:30am
Non-Farm Employment Change
Unemployment Rate
Average Hourly Earnings m/m
1:30pm
FOMC Member George Speaks
Day 2
G20 Meetings
FOMC Member Evans Speaks
8:30am
Non-Farm Employment Change
Unemployment Rate
Average Hourly Earnings m/m
1:30pm
FOMC Member George Speaks
Day 2
G20 Meetings
Thursday 5 September 2013
US economic reports update
Unemployment Claims
Actual: 323K Estimate: 332K Previous: 332
Revised Nonfarm Productivity q/q
Actual: 2.3% Estimate: 1.6% Previous: 0.9%
Revised Unit Labor Costs q/q
Actual: 0.0% Estimate: 0.9% Previous: 1.4%
ISM Non-Manufacturing PMI
Actual: 58.6 Estimate: 55.2 Previous: 56.0
Factory Orders m/m
Actual: -2.4% Estimate: -3.4% Previous: 1.5%
Actual: 323K Estimate: 332K Previous: 332
Revised Nonfarm Productivity q/q
Actual: 2.3% Estimate: 1.6% Previous: 0.9%
Revised Unit Labor Costs q/q
Actual: 0.0% Estimate: 0.9% Previous: 1.4%
ISM Non-Manufacturing PMI
Actual: 58.6 Estimate: 55.2 Previous: 56.0
Factory Orders m/m
Actual: -2.4% Estimate: -3.4% Previous: 1.5%
Sell S&P Futures- won
Sell S&P Futures around 1656 for 30 minutes expiration if it drops back
Result: won
Signal was posted at 9am EDT, S&P Futures expired @ 1652.62 at 9:30am EDT
Result: won
Signal was posted at 9am EDT, S&P Futures expired @ 1652.62 at 9:30am EDT
Sell S&P Futures @ 1656
Sell S&P Futures around 1656 for 30 minutes expiration if it drops back
Resistance @ 1656
Resistance @ 1656
US economic events 5 September 2013
7:30am
Challenger Job Cuts y/y
Actual: 56.5% Previous: 2.3%
8:15am
ADP Non-Farm Employment Change
Actual: 176K Estimate: 175K Previous: 200K
8:30am
Unemployment Claims
Revised Nonfarm Productivity q/q
Revised Unit Labor Costs q/q
10:00am
ISM Non-Manufacturing PMI
Factory Orders m/m
Day 1
G20 Meetings
Challenger Job Cuts y/y
Actual: 56.5% Previous: 2.3%
8:15am
ADP Non-Farm Employment Change
Actual: 176K Estimate: 175K Previous: 200K
8:30am
Unemployment Claims
Revised Nonfarm Productivity q/q
Revised Unit Labor Costs q/q
10:00am
ISM Non-Manufacturing PMI
Factory Orders m/m
Day 1
G20 Meetings
Free Binary Options Trading Signals monthly results: August 2013
Free Binary Options Trading Signals monthly results: August 2013
25 wins 6 losses (Doubles are counted as 2)
80.6% winning rate
Trade History
Hedge & sell S&P 500 (Double)- won 29/08/2013
Buy S&P 500- lost 29/08/2013
Sell JPM- won 28/08/2013
Sell S&P 500- won 28/08/2013
Buy Apple- won 28/08/2013
Sell S&P 500- won 27/08/2013
Sell S&P 500- lost 23/08/2013
Buy Apple- won 23/08/2013
Buy S&P 500- won 22/08/2013
Buy S&P Futures- won 22/08/2013
Sell S&P 500- won 19/08/2013
Buy Cisco- won 16/08/2013
Sell Wal-mart- won 15/08/2013
Sell S&P 500- won 15/08/2013
Sell Apple- won 15/08/2013
Sell JPMorgan- lost 15/08/2013
Buy S&P 500- lost 14/08/2013
Buy Apple- won 14/08/2013
Buy S&P 500- won 13/08/2013
Buy Apple- won 13/08/2013
Buy Apple- won 12/08/2013
Sell S&P 500- won 08/08/2013
Buy S&P 500- won 08/08/2013
Buy Apple- won 08/08/2013
Buy Microsoft- won 08/08/2013
Sell Amazon- won 07/08/2013
Buy Amazon- won 06/08/2013
Buy AIG- won 02/08/2013
25 wins 6 losses (Doubles are counted as 2)
80.6% winning rate
Trade History
Hedge & sell S&P 500 (Double)- won 29/08/2013
Buy S&P 500- lost 29/08/2013
Sell JPM- won 28/08/2013
Sell S&P 500- won 28/08/2013
Buy Apple- won 28/08/2013
Sell S&P 500- won 27/08/2013
Sell S&P 500- lost 23/08/2013
Buy Apple- won 23/08/2013
Buy S&P 500- won 22/08/2013
Buy S&P Futures- won 22/08/2013
Sell S&P 500- won 19/08/2013
Buy Cisco- won 16/08/2013
Sell Wal-mart- won 15/08/2013
Sell S&P 500- won 15/08/2013
Sell Apple- won 15/08/2013
Sell JPMorgan- lost 15/08/2013
Buy S&P 500- lost 14/08/2013
Buy Apple- won 14/08/2013
Buy S&P 500- lost 14/08/2013
Buy Apple- lost 14/08/2013 Buy S&P 500- won 13/08/2013
Buy Apple- won 13/08/2013
Buy Apple- won 12/08/2013
Sell S&P 500- won 08/08/2013
Buy S&P 500- won 08/08/2013
Buy Apple- won 08/08/2013
Buy Microsoft- won 08/08/2013
Sell Amazon- won 07/08/2013
Buy Amazon- won 06/08/2013
Buy AIG- won 02/08/2013
Buy GM- won
Buy General Motors around 35.0 for 4pm EDT end of day expiration
Result: won
GM closed @ 35.85
Result: won
GM closed @ 35.85
Wednesday 4 September 2013
Buy GM @ 35.0
It seems that investors are favoring strong vehicle sales than concerns over Syria, so we'll follow the market for now
Buy General Motors around 35.0 for 4pm EDT end of day expiration
GM's vehicle sales beat expectations
Buy General Motors around 35.0 for 4pm EDT end of day expiration
GM's vehicle sales beat expectations
Not safe to trade today
Not safe to trade today as S&P 500 went up, forming support around 1648-1650 & might still go up despite Syria worries & bad economic news
It might be setting up for a fall later, after attack on Syria is approved or confirmed
It might be setting up for a fall later, after attack on Syria is approved or confirmed
Stock Market Analysis
Obama administration officials are hinting that they might help arm Syrian rebels with weapons to take on rocket launchers which delivered those chemical weapons
However, there are doubts & concerns that arming violent Al-Qaeda extremists can bring any "peace & stability" as Obama stated
A missile strike has also not been ruled out, to punish Syria's use of chemical weapons
As Obama is gaining more support as planned, Russian president will consider approving Syria strike if there's solid evidence
As Syria strike becomes a stronger possibility, arming violent Al-Qaeda extremists becomes a concern & economic news worse than expected, stocks should go down today
Look to sell S&P 500 around 1640 if it drops back as it should stay below 1640
Even if S&P 500 breaks above 1640, there's still a strong possibility of it dropping below 1640 at the end of the day
However, there are doubts & concerns that arming violent Al-Qaeda extremists can bring any "peace & stability" as Obama stated
A missile strike has also not been ruled out, to punish Syria's use of chemical weapons
As Obama is gaining more support as planned, Russian president will consider approving Syria strike if there's solid evidence
As Syria strike becomes a stronger possibility, arming violent Al-Qaeda extremists becomes a concern & economic news worse than expected, stocks should go down today
Look to sell S&P 500 around 1640 if it drops back as it should stay below 1640
Even if S&P 500 breaks above 1640, there's still a strong possibility of it dropping below 1640 at the end of the day
US economic reports 4 September 2013
7:30am
Challenger Job Cuts y/y
8:30am
Trade Balance
10:00am
IBD/TIPP Economic Optimism
2:00pm
Beige Book
All Day
Total Vehicle Sales
Challenger Job Cuts y/y
8:30am
Trade Balance
10:00am
IBD/TIPP Economic Optimism
2:00pm
Beige Book
All Day
Total Vehicle Sales
Buy S&P 500- invalid
Buy S&P 500 around 1640 everytime it drops to 1640 & rebound, for 30 minutes expiration, stop if it breaks below
Result: invalid
S&P 500 did not really rebound or go further above 1642 & even broke below 1640, so it was not safe to buy
Result: invalid
S&P 500 did not really rebound or go further above 1642 & even broke below 1640, so it was not safe to buy
Sell S&P 500- 2 wins
Sell S&P 500 around 1650 everytime it reaches 1650 & drops back for 30 minutes expiration, stop if it breaks above
Result: 2 wins
After S&P 500 dropped to 1647 @ 10:02am, went back up to 1650 & dropped again even further below 1647, sell signal was confirmed
There were 2 chances to sell after we issued the signal:
1st @ 1648.95 at 10:46am, expired @ 1646.90 at 11:00am
2nd @ 1648.49 at 11:14am, expired @ 1640.16 at 11:30am
Huge drop to 1640 was also helped by Obama winning support from the two top House Republicans to attack Syria
Result: 2 wins
After S&P 500 dropped to 1647 @ 10:02am, went back up to 1650 & dropped again even further below 1647, sell signal was confirmed
There were 2 chances to sell after we issued the signal:
1st @ 1648.95 at 10:46am, expired @ 1646.90 at 11:00am
2nd @ 1648.49 at 11:14am, expired @ 1640.16 at 11:30am
Huge drop to 1640 was also helped by Obama winning support from the two top House Republicans to attack Syria
Tuesday 3 September 2013
Buy S&P 500 around 1640
Buy S&P 500 around 1640 everytime it drops to 1640 & rebound, for 30 minutes expiration, stop if it breaks below
Sell S&P 500 around 1650
Sell S&P 500 around 1650 everytime it reaches 1650 & drops back for 30 minutes expiration, stop if it breaks above
Risk: S&P 500 went above 1650 in the beginning but might just be overbought as it hit 1650 & drop after economic news
Risk: S&P 500 went above 1650 in the beginning but might just be overbought as it hit 1650 & drop after economic news
US economic reports update
Final Manufacturing PMI
Actual: 53.1 Estimate: 53.9 Previous: 53.9
ISM Manufacturing PMI
Actual: 55.7 Estimate: 54.2 Previous: 55.4
Construction Spending m/m
Actual: 0.6% Estimate: 0.3% Previous: 0.0%
ISM Manufacturing Prices
Actual: 54.0 Estimate: 51.6 Previous: 49.0
Actual: 53.1 Estimate: 53.9 Previous: 53.9
ISM Manufacturing PMI
Actual: 55.7 Estimate: 54.2 Previous: 55.4
Construction Spending m/m
Actual: 0.6% Estimate: 0.3% Previous: 0.0%
ISM Manufacturing Prices
Actual: 54.0 Estimate: 51.6 Previous: 49.0
Stock Market Analysis
More than 2 million people have fled Syria
Attack on Syria is delayed as Obama seeks UN authorization, trying to gain more support
Russia detected 2 missiles launched & it caused the market to plunge, only to find out that it was just a missile test by Israel
The market rebounded as no sign of attack against Syria yet provided short term relief
But that doesn't change the fact that Israel is signaling that it's ready to attack
France released an assessment that identified the Syrian government as the only possible culprit for the use of chemical weapons
France might also be ready to attack as it has 900 soldiers in Lebanon, near Syria
S&P 500 should trade in the range of 1640-1650 because of uncertainty
Look to buy around 1640 if it rebounds & sell around 1650 if it drops back
Attack on Syria is delayed as Obama seeks UN authorization, trying to gain more support
Russia detected 2 missiles launched & it caused the market to plunge, only to find out that it was just a missile test by Israel
The market rebounded as no sign of attack against Syria yet provided short term relief
But that doesn't change the fact that Israel is signaling that it's ready to attack
France released an assessment that identified the Syrian government as the only possible culprit for the use of chemical weapons
France might also be ready to attack as it has 900 soldiers in Lebanon, near Syria
S&P 500 should trade in the range of 1640-1650 because of uncertainty
Look to buy around 1640 if it rebounds & sell around 1650 if it drops back
US economic reports 3 September 2013
9:00am
Final Manufacturing PMI
10:00am
ISM Manufacturing PMI
Construction Spending m/m
IBD/TIPP Economic Optimism
ISM Manufacturing Prices
Final Manufacturing PMI
10:00am
ISM Manufacturing PMI
Construction Spending m/m
IBD/TIPP Economic Optimism
ISM Manufacturing Prices
Monday 2 September 2013
Syria crisis news+ analysis & speculations
Syria crisis news
President Obama decided to seek UN's authorization before attacking Syria despite the fact that it will most likely not be approved because Russia has veto power & supports Syria
Russian president said that claims of Syria using chemical weapons when it's already winning the war to be "utter nonsense", the evidence to be "absolutely unconvincing" & demanded more detailed proof
Syrian government claimed that Al-Qaeda rebels backed & funded by Obama were responsible for the chemical weapons
Analysis & speculations
Obama's decision to seek approval sparked criticisms such as hesitation, doubt, disappointment & a sign of weakness
However, it might just be an act to gain more support especially if he's denied
Obama's intentions to attack Syria ware clear from the beginning but there are strong oppositions against the attack on Syria that might start a world war, so he needs to build up more support first
Arab states has called for international action against Syria & will be supporting Obama
If he attacks without UN approval, he might reiterate that "we cannot tolerate use of chemical weapons & Syria must be taught a lesson or they might do it again"
Obama says that he's war-weary & the attack will just be a statement & not long term
But he should know that Syria's allies especially Russia has already warned against attacking Syria & might retaliate, then more countries might intervene if Russia attacks US, causing more conflicts
There's also a possibility of the evidence being false as Syrian government called US intelligence information "fabrications & lies"
If US attacks Syria based on false evidence, there should also be consequences, unless they provide more solid proof
Therefore, US should use a different approach to send Syria a message if it's indeed guilty instead of military action as attacking Syria will not solve any problems & might cause more trouble
President Obama decided to seek UN's authorization before attacking Syria despite the fact that it will most likely not be approved because Russia has veto power & supports Syria
Russian president said that claims of Syria using chemical weapons when it's already winning the war to be "utter nonsense", the evidence to be "absolutely unconvincing" & demanded more detailed proof
Syrian government claimed that Al-Qaeda rebels backed & funded by Obama were responsible for the chemical weapons
Analysis & speculations
Obama's decision to seek approval sparked criticisms such as hesitation, doubt, disappointment & a sign of weakness
However, it might just be an act to gain more support especially if he's denied
Obama's intentions to attack Syria ware clear from the beginning but there are strong oppositions against the attack on Syria that might start a world war, so he needs to build up more support first
Arab states has called for international action against Syria & will be supporting Obama
If he attacks without UN approval, he might reiterate that "we cannot tolerate use of chemical weapons & Syria must be taught a lesson or they might do it again"
Obama says that he's war-weary & the attack will just be a statement & not long term
But he should know that Syria's allies especially Russia has already warned against attacking Syria & might retaliate, then more countries might intervene if Russia attacks US, causing more conflicts
There's also a possibility of the evidence being false as Syrian government called US intelligence information "fabrications & lies"
If US attacks Syria based on false evidence, there should also be consequences, unless they provide more solid proof
Therefore, US should use a different approach to send Syria a message if it's indeed guilty instead of military action as attacking Syria will not solve any problems & might cause more trouble
Stock markets closed on holiday
Banks & stock markets are closed as today is Labor Day however most brokers still allow Forex to be traded
Trade less or not trade at all as we expect irregular volatility
S&P 500 might go above 1640 again just because the attack on Syria is delayed
Unfortunately we cannot trade it because of the holiday
On a side note, EUR/USD support @ 1.3210 after good economic news for EUR, resistance @ 1.3223
You can try buying near support & selling near resistance for short term trades but currencies tend to have more volatility especially today so we do not guarantee your trades
Selling will be at a higher risk because the big picture is that EUR should go up & USD should go down today
Trade less or not trade at all as we expect irregular volatility
S&P 500 might go above 1640 again just because the attack on Syria is delayed
Unfortunately we cannot trade it because of the holiday
On a side note, EUR/USD support @ 1.3210 after good economic news for EUR, resistance @ 1.3223
You can try buying near support & selling near resistance for short term trades but currencies tend to have more volatility especially today so we do not guarantee your trades
Selling will be at a higher risk because the big picture is that EUR should go up & USD should go down today
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