11:30am   ~   Well we woke up to the reality that we do not have a new U.S. President, Obama is back in for another 4yrs.  The U.S. markets staged a rally yesterday, but died back as the close of the session got nearer, and we also had sharp rise in the value of Gold. An interesting week on the markets, there’s going to be some good trading opportunities coming up.

You can read some comment from Capital Spreads regarding the likely market reaction to the U.S. election outcome and news in general about yesterday’s trading here

I was up at 8am this morning and went out for a nice 30km cycle ride up into the mountain above here, and I am back home now watching my S&P500 chart. I can see the start of reversal set-up, so I will report back later to let you know what develops. This is a favourite index of mine, and I have just started writing a new book on this instrument, showing how easy it is to trade for beginners.

2:05pm   ~   I closed off a short trade on the S&P a little while ago – I managed a 91 pip profit as the index dropped fairly dramatically in just a couple of hours. Looks like there’s still more falls to come.

7:15pm (6:15pm UK time)   ~  I came out of a ‘long’ trade a few minutes ago, it was an “Extra” strategy set-up on the S&P500 and I got a 35 pip profit. We’re off to grab some supper in Calpe now.

Daily Target Reached ?  YES  (+126 pips)         I traded at lunchtime and for just over an hour this evening.