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  1. #1
    Administrator Martin Kay's Avatar

    Hot New Tips by Richard – EUR/USD, WFM Weekly and Monthly Expiry 5/13-20/2013 !!!

    The new Richard's Weekly Binary Options Trading Tips are here!
    Check them out and find what is going on in the markets this week!

    Originaly presented by Richard Cox.

    Stock markets closed higher for the third week in a row, with the S&P 500 extending to new record highs in the 1630 region. Corporate earnings continue to be one of the main market drivers and some of the more positive examples this week came from Whole Foods, Electronic Arts, Disney and DirectTV, all of which released profit reports that were above analyst estimates. Whole Foods and Electronic Arts saw gains of nearly 10% after their quarterly results were posted, which Disney and DirectTV saw more modest gains (in the neighborhood of 4%) during the week. Bank of America was another positive story, rising by 6.5% after reaching a settlement on mortgage debt with MBIA Inc. On the negative side, McDonald’s dropped 2.6% after reports showed that sales dropped in April on weakening demand in emerging markets.

    1. The EUR/USD is having a hard time finding support after posting daily and weekly closes below the psychological level at 1.30. We are now seeing a head and shoulders pattern emerge on the daily charts along with a spike low below the neckline at 1.2960. Without a weekly close below this level, there is a chance this is a false break, but I will be looking to enter into weekly PUTS in the sub-1.30 area as the technical picture supports further Dollar strength.

    2. For stock trades, I will look to play off one of last week’s better earnings stories, which was seen with Whole Foods (WFM). Whole Foods Market posted a 21% increase in quarterly profits to $142 million (against the $118 million seen at this time last year). Revenues rose 13% (to $3 billion from $2.7 billion previously). The company raised its full-year earnings forecast to $2.89 per share, up from its previous forecast of $2.87 per share. The bullish scenario here has helped push the stock above $100, and more upside is expected on a momentum basis. Enter into monthly CALLS in WFM, looking for a rise into the $105 area.

  2. #2
    Master Member vinayakm's Avatar
    Definitely going for puts this week on the EUR/USD after seeing our experts agree on a consensus put on the currency pair.

  3. #3
    Legendry Member Michael Hodges's Avatar
    Down with the euro!

  4. #4
    Legendry Member Michael Hodges's Avatar
    Whole foods is a good stock play. They should do well during the spring rotation and into the summer. People with jobs are good for retailers like whole foods who sometimes fail to attract shoppers on budgets.

  5. #5
    Solid Member susan's Avatar
    Whole Foods is at all time high now at 102.65. Do you think it is good to enter Calls for shorter period of time than one month on this stock?

  6. #6
    Specialist Member RCox's Avatar
    Quote Originally Posted by susan View Post
    Whole Foods is at all time high now at 102.65. Do you think it is good to enter Calls for shorter period of time than one month on this stock?
    My general view on stocks is well enough known here, I think markets are mostly buying into nothing other than improvements on weak expectations. For this reason, I stay away from short term stock trades unless there is a big technical argument for doing so. WFM is already elevated, i think its risky for anything short term.

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