07:55am  ~  What a beautiful summer morning !  Just been out for a walk along the beach and now it’s a few hours here in the study followed by a cycle ride with friends over to Halesworth.

The Dow Jones 30 & S&P500 ended slightly up yesterday with early losses pared back but it seems that traders are really unsure about what to do next because of Chinese growth worries together with rumours that President Putin has casually moved troops, tanks and fighter planes to Ukraine’s border in readiness for some sort of action. For the third session in a row, the WTI crude prices moved downwards, losing $1.29 to $98.13 a barrel as the US Department of Energy announced a 6 million barrels rise in inventories. This bigger than expected stock level reinforces the strong pace of oil production that’s racing ahead of economic growth and is considered a bearish feature for the short term.

As expected Gold rose to a fresh recent high again, gaining $18.00 to 1367.1 yesterday. It would seem that geopolitical tensions around the world which triggered talks of a renewed cold war were a breath of fresh air for gold traders and they intend to take advantage of this in the short term.

08:35am  ~  I have just got into a ‘short’ position on my Brent Oil chart, the stop loss is 29 pips

09:55am  ~  The Brent Oil price has come down quite well, but has hit some support at a previous low, so I am now out of the the position with a +32 pip profit.

14:25pm  ~  I’m back after lunch out at The Lord Nelson and nearly an hour into the U.S. trading session the S&P500 has started to drop quite well, so I’m just waiting for a possible trendFX set-up to materialise.

14:40pm  ~  I am in a ‘short’ position on my S&P500 chart and I have a 33 pip stop loss.

17:15pm  ~  I am still in my S&P short and now conversely I am also in a quick “Trade With A Day Job” long position.

17:35pm  ~  Still in the ‘short’ but I am out of the quick ‘long’ trade – with a small +27 pip profit. There are clues that the S&P500 still has a bit more to go with it’s bearish movement.

19:55pm  ~  I am now out of my earlier ‘short’ on the S&P with a wholesome +220 pips.  Back to The Lord Nelson for a cards evening

Daily Target Reached ?  YES  (+279 pips)