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  1. #1
    Administrator Martin Kay's Avatar

    Hot New Tips by Richard –EUR/CHF, GOOG Weekly and Monthly Expiry 7/22-29/2013 !!!

    Hi guys,

    The new Richard's Weekly Binary Options Trading Tips ready for you!
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    Originaly presented by Richard Cox.

    In the week ahead, the economic calendar is full of second-tier releases. But it is still important to remember that we are in the early phases of earnings season and we have already seen some interesting developments when looking at things on a sector-by-sector basis. Specifically, tech stocks have been disappointing, with big misses seen at AMD, Google, Microsoft and Intel. This diverges with what is seen in the market as a whole, as roughly 3/4 of reporting companies have beaten consensus estimates. Keep an eye on these developments, as well as new commentary from voting members at central banks.

    1. The Swiss Franc saw some buying activity last week, with prices in the USD/CHF and EUR/CHF moving away from my yearly price target in both cases. I am viewing these moves as a buying opportunity in both pairs, but given the relative weakness in the EUR/CHF, I will be looking for new long positions. Arguments here can go either way, as the EUR/USD looks to be in the early stages of a head-and-shoulders pattern (USD bullish), but I am a contrarian by nature and would rather use the EUR/CHF as a vehicle for playing the expected trend. This week, look to buy weekly CALL options in EUR/CHF at the week’s open on Monday, which should come in near the 1.2350 area.

    2. For stock trades, I will be looking to capitalize on the disappointing numbers posted by the large-cap tech names that have already put a dark cloud over the prospects of the current earnings season. Cost-per-click numbers at Google (GOOG) showed declines of 6%, as the company continues to have difficulty capitalizing on consumer transitions to mobile devices. And with broad weakness seen in the secctor as a whole, I will be looking at any bounces as a monthly selling opportunity. Buy one month PUT options in GOOG on any rallies into resistance at 905.

  2. #2
    Senior Member linda_fx's Avatar
    GOOG is showing bad earnings data and it is a good opportunity for shorting I agree with you Richard.

  3. #3
    Specialist Member RCox's Avatar
    The EUR/CHF saw some very choppy trading conditions during the week and closed about 25 pips below the strike price, out of the money. Initial moves were encouraging, given the upward break of the downtrend line originating on July 9th, but this is starting to look like a false break given the drop back into the low 1.23s. I am viewing any dips in this pair as a buying opportunity, as the macro data and over riding stance at the Swiss National Bank suggests that downside moves are limited, it is just a matter of finding the right entry points. For this reason (and the fact that Dollar-denominated pairs will see enhanced volatility next week), I will probably look to re-enter this position into next week. It should also be noted that in a trade like this (where we are closing ever so slightly out of the money) there is nothing wrong with "rolling over" on the position (adding another week to the expiry time) as it is much more likely we will see moves higher from here. Either way, the EUR/CHF remains a buy, as any forays into the sub-1.23 region is likely to be short-lived.

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  4. #4
    Specialist Member RCox's Avatar
    The GOOG trade on the short side is working out like clockwork, with prices making a brief jump into the 910 region to trigger the trade, and then prices headed immediately lower. Prices have lost around $11 on the week, so the overall position is looking favorable at this stage. One of the main pieces of logic behind the trade is the difficulty that is being encountered in the PC market, as changes in consumer demographics (transitions to smart phones and tablets) is making things difficult in many different areas within the industry. Google itself it not a PC manufacturer, but their search business (which accounts for a broad majority of company revenues) is suffering as a result of these trends. Monetizing advertisement space on mobile devices will continue to be a major challenge for Google and for tech companies as a whole, so this is going to be an important sector to watch for the rest of the year. This is another reason I have made calls to look at the S&P 500 in a more favorable light than the Nasdaq, and there has been nothing yet to change this underlying bias.

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  5. #5
    Specialist Member RCox's Avatar
    Quote Originally Posted by linda_fx View Post
    GOOG is showing bad earnings data and it is a good opportunity for shorting I agree with you Richard.
    Its a good point Linda, this week's price action is showing a nice confirmation of this. The consumer trends that we are seeing at this stage should be lighting warning signals for those looking to invest in tech companies that can in any way be effected by the difficulty in generating reviews from those using mobile devices.

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