How to Read Finance News and Make a High Yield Bet Next Week
Here I am going to be helping readers pick through an article published in CNNMoney.com today. That way you’ll see just how easy it is to make a high yield bet with binary option trading.
NEW YORK (CNNMoney.com) — Wall Street has finally gotten the piece of economic news it has been waiting for: the battered labor market may be starting to heal. But with major stock gauges at their highest levels in more than a year, recovery bets could already be baked into the cake.
The week ahead brings a modest array of economic reports. Highlights include readings on retail sales, consumer sentiment and the trade gap. President Obama and Federal Reserve Chairman Ben Bernanke are among the speakers on tap. But none of these events are likely to change the markets’ direction much.
What does this mean for binary option betting? That many of the stocks will not jump on Monday, they will continue in the same direction even with President Obama and Ben Bernakes comments. If you’re a binary option trader, investor or player, this means that you can expect that many of the stocks will continue steadily from Friday to Monday when stock market and binary option betting opens.
“The broad averages are probably going to go sideways and for a while,” Cox said. “It’s not going to be as hard or as easy as it’s been in the last 24 months, where everything rose, everything fell, then everything rose again. The next few months are going to be stock by stock.”
For binary option traders, you can expect that before the new year, the majority of stocks will remain very steady and that the market will most likely not become volatile. This can be good for binary option traders who have to predict whether stocks will rise and fall in one hour, one week or even one month. A quieter market will enable them to follow the trends — upwards or downwards — and bid on the slow, steady continuation of stocks, commodities and currencies.
Jobs report lifts spirits: Employers cut 11,000 jobs from their payrolls last month, the Labor Department reported Friday. It was the smallest number of job losses since the start of the recession in December 2007. The unemployment rate, generated by a separate survey, fell to 10% from a 26-year high of 10.2% in October.
Job losses from the previous two months were revised lower too, indicating that a slow but steady pattern of lessening job cuts is emerging. But the drop in the unemployment rate is also points to the millions of people who have been out of work so long that they’ve given up looking for a job.
“It’s going to be years until we get back to where we were in 2007, but this report is a clear sign that the labor market is improving,” said Phil Orlando, chief equity market strategist at Federated Investors.
Watch those labor statistics. If you want to know whether a binary option will rise of fall, check to see if the company is hiring or laying off. This is a great way to determine what binary options to trade on and making sure that you’ll be able to make a high return investment.
Bets that the recession was ending — combined with substantial fiscal and monetary stimulus — drove stocks higher over the last 9 months. The Dow (INDU) has risen 59% as of Friday’s close since bottoming at a 12-year low on March 9.
Following the release of Friday’s jobs report, the blue-chip average and the S&P 500 (SPX) both hit 14-month highs, touching levels not seen since just after the collapse of Lehman Brothers last year. The Nasdaq (COMP) is also near 14-month levels.
While the gains off the lows have been tremendous, most investors have still not recovered the bulk of what they lost in the slow market crash of 2008 through early 2009. The wish to recover more of what was lost — and the need to put to work the trillions still sitting in cash or other low-yielding holdings — should give stocks a continued upward bias, the analysts said.
But at the very least it’s likely to be much more slow going than it was for most of this year, even with signs of the labor market starting to recover.
“It’s going to be a slow slog for the labor market, but I think stocks can continue to grind higher from here,” said Orlando.
Alright, slow can be good. Why because it gives you a little more added security to trade in a market that you know will continue slow and steady. That way, when trading binary options, you can pick the call or the put based on past trends and have a higher chance of making a high return and predicting the binary options correctly.
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