08:05am  ~  I am at home this morning here in the study so I shall be watching some charts for a few hours ahead of a tennis match early this afternoon.

Overnight the S&P500 index has almost reached its all-time high of early March and the Dow Jones rallied 77 points to 16,533 a new recent high last seen on January 21. This has been brought about because of a general feeling of optimism overall, there was a bigger than anticipated drop in the German unemployment, the largest economy in the Eurozone and although the increase in the U.S. manufacturing index was less than expectations, it bolstered investors’ sentiment the economy is heading the right way. There is also a general feeling amongst traders that this coming Friday’s Non Farm Payroll numbers will come in on the positive side, so with all this positive sentiment around it was no surprise that Gold suffered another negative trading session, losing another $5.3 to $1278.8.

I will report back later if I have any trades this morning.

10:45am  ~  A friend has just popped round to go out for a cycle ride, so the charts are going off now.

22:20pm  ~  I did get back here a few hours ago but as we had friends around I did not turn my charts on, so there’s no trading news to report.