Good morning to you all. Another bullish day on the FTSE – reaching a 10 month high – mainly spurred on by encouraging profit announcements by Barclays and HSBC. This had the effect of pulling the whole banking sector up. In the U.S. the S&P500 played with the important 1000 level in the futures market during our morning session, and once the  New York Stock Exchange opened at 2:30pm (GMT) it then began its steady rise over this important level. As I write, it has tested the level again (in the futures market) but seems to have found support above 1000 – we’ll see if it can maintain it. There was some sporadic profit taking yesterday, and each time we had traders cashing in, we seemed to have others jumping in looking for bargains, and consequently sending the indexes higher once again.

On to my trading yesterday, and things started quite early, with a trade on the FTSE and Euro$ shortly after 8am (‘Any-Time’ System) to put me immediately into positive territory. Another couple of trades finished the morning session off well. As I have mentioned before, I try not to trade in the UK lunchtime period (especially the FTSE or Dax) as the market is often in the doldrums, waiting to find direction when New York opens at 2:30pm (GMT). Two more trades in the afternoon gave me a healthy 68 points for the daytime session, and I finished the day off just after 7pm with the normal 20 points from my evening system (Trade With a Day Job)

Some news I read in the Telegraph this morning – apparently men spend almost a year of their whole life ogling members of the opposite sex. This works out at 40 minutes per day – and the most popular venue for this activity is the supermarket. I always wondered why men are so keen to help their wives with the weekly shop – all is revealed now. Read the article and see how long women spend looking at guys……

I hope you all have a profitable day.