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Dow Jones 30 Put Signal 05 Jan 2016

Signal details
Entry Price: 
17080
Close Price: 
17158
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
4.8/5 of 3 ratings

The Dow Jones Industrial Average index comprised of the 30 biggest companies listed in the U.S. is starting the year on the back foot. That said, we are holding a view that the move could continue lower regardless of any moves in the price that initially seem tilted to the upside.

Negative developments from China and disappointing U.S. data are the top worries for traders of this index. We are going to buy put binary options if the price rallies to 17080 in the coming couple of hours. After some crazy trading on the first business day of the year, we might as well see things calming down somewhat.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.