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Afternoon Update-03/1/2012

So far today, our readers might be a bit disappointed with the fact that the EUR/USD hasn’t provided a SELL signal as we had hoped. The forex pair is currently trading above 1.3050 already and is showing no signs of coming back down today. From our analysis we don’t see any way for the forex pair to suddenly drop and as such, we are going to start looking for BUY signals tomorrow morning. Until then, stay away from the EUR/USD.

XOM 3-1-2012

XOM 3-1-2012

For those trading at a broker offering the S&P, our analysis shows a serious resistance at 1285. The index is currently trading at 1276 and finally we have an index with a strong BUY signal available for trading. Binary options traders can certainly trade an ABOVE option if the index breaks above 1285. As always, make sure that the RSI and MACD on 8 hour charts are heading higher before entering the trade.

Our readers should be happy with our recommendation for Exxon Mobile however which is up big time today. So great trade there! If you are still not impressed, try taking an ABOVE option today or tomorrow so long as the RSI, MACD, and the volume are up and/or heading higher. Our readers should also be profitable on any ABOVE option they took on APPL which broke upwards. Here too, another ABOVE option can likely be taken tomorrow if the RSI, MACD, and the volume are up and/or heading higher.

It’s always nice to report about great signals.

Have a great evening

 

  

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