08:25am (CET)  ~  I’ve just had a phone call from a neighbour to say we’re off on a cycle ride at 9am, so I had better get up !  After that I’ll be back here for the morning doing some emails and Skype calls plus some chart watching.

The markets last night reacted strongly to news that the FOMC voted to start ending their fiscal stimulus programme as earlier as next month, and this had the effect of sending the Dow Jones and S&P downwards. It seemed to me to be ‘crowd-behaviour’ with traders acting very sheep-like as the news last night was three weeks old so there was no real reason to take it that seriously and start a sell-off. Last week Janet Yellen hinted at keeping the money-printing programme (fiscal stimulus) for a while yet, so that’s the latest facts we should be concentrating on, not 3 week old news.  Will the markets recover once they’ve realised this ?  A return to 1800 for the S&P will signal that.

11:45pm (CET)  ~  I’ve now completed my Skype calls for the morning so I am off to do a supermarket shop at Mercadona then some lunch after that.  Not much occurring on the 3 charts I have been watching for the last hour.

14:30pm (CET)  ~  Back home now and going to wait in for the inmobiliarias to appear at whatever time he deems suitable, but while I am here I’ll keep half an eye on some charts while I sort the garage out.

15:50pm (CET)  ~  After a quiet hour this morning in front of the charts, I now find I’m in two trades now – first one is a long position on the S&P500 and the second a short on Gold. Just like London buses……

16:30pm (CET)  ~   More developments in the market – I’m in another trade (Brent Oil – long) and I’ve been stopped out of my Gold trade at minus 44 pips.  The S&P position is going ok so I’m staying in there.

18:25pm CET (17:25 UK time)  ~  And now I’m in a long “Trade With A Day Job” as well. I’ll report back at 10pm (9pm UK time) when the U.S. market closes.

22:05pm (CET)  ~  Well that turned out to be a busy evening trading session.  I was in 3 trades at the end and have come out all of them at 10 o’clock.  My first S&P trade ended at +95 pips, the Brent Oil one came in at +170 pips and my first “Trade With A Day Job” was stopped out at minus 11 pips. I had a second evening system trade and that gave me +12 pips.  So all in all I had 5 trades, 3 winners and 2 losses with an overall profit of +222 pips.   Time for a swim and a few beers with a couple of friends who turned up a while ago.

Daily Target Reached ?  YES  (+222 pips)     I traded for an hour this morning plus the afternoon/evening session.