Trusted Binary Options Brokers

anyoption_binary

Profit guaranteed

Profit Guaranteed
*We offer a $100 guarantee that you will profit every month using our trading signals, following our strategy & registering at recommended brokers through us

Wednesday 9 October 2013

US important economic events & trading signals 9 October 2013

President Obama will nominate Yellen as Fed's chief at a 3pm EDT White House event today
Stock futures rebounded 10 points but is hesitating
S&P Futures support @ 1654
Buy S&P Futures around 1654 if it rebounds again, for 30 minutes expiration

It's also possible for S&P 500 to continue rebounding when stock market opens, look to buy S&P 500 if it continues rebounding, target is 1670 or higher
Buy S&P 500 below 1670 if it continues rebounding, buy again @ 1670 if support is strengthened, it doesn't drop below & goes up higher, for 30 minutes expiration

FOMC Member Evans speaks at 10am EDT
Fed's Evans is one of the most aggressive doves, which is good for QE & stocks
Investors might buy ahead & stocks might reached its highest from 9:30am EDT to 10:00am EDT according to history
Combined with Yellen's nomination, also one of the most dovish Fed member, this should present a good opportunity to buy stocks
Medium risk trade:
Buy S&P 500 for 10:00am EDT expiration if it's uptrend from 9:30am-9:40am EDT (no support prices yet)

Risks: These are just speculations trading the news & previous market behavior without proper support yet in place, you can choose not to trade this because stocks can become volatile during news & behaviors can change
US government is also still in shutdown & debt limit is yet to be resolved, which should provide resistance & push stocks down
On the other hand, stocks were severely oversold yesterday & should rebound, but it'll be difficult
Information above just makes it easier for it to rebound, but not definitely

FOMC Meeting Minutes at 2pm EDT
Try to avoid trading near it because of uncertainties which produces volatility

No comments:

Post a Comment