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
Trusted Binary Options Brokers
Wednesday, 4 September 2013
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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