09:50am (CET)  ~  We were attending a friend’s party over the weekend in Playa d’en Bossa in Ibiza, so there was no trading for me yesterday as we only arrived back here a few hours ago.  It’s going to be a fairly chilled out day for me, but I may look at some charts later on.

The main indices ended May on a high, with the S&P500 having it’s fourth consecutive bullish month, although yesterday’s trading has formed a reversal candle on the daily charts, so watch out for some selling opportunities below the 1915 level.  The Dow Jones 30 has also reached record highs, having surpassed the mid-May high during intra-day  trading yesterday. We can expect subdued trading until central bank announcements later in the week, and we also have U.S. employment figures out on  Friday which should show an increase of over 200,000 jobs for May. Over in London the FTSE100 index has failed to get over the 6890 resistance hurdle and had another mixed days trading, forming another reversal candle on my daily chart, watch out for shorts around 6840 today.

Crude oil prices ended down 44 cents at at $102.46 a barrel at yesterday’s close after reports that an oil exports terminal in Libya is about to be reopened. Also, China’s manufacturing came in lower than anticipated which helped keep a lid on any bullish sentiment.  As the equity markets are hovering around all time highs, the demand for Gold deteriorated again yesterday pushing its price even lower to $1243.3 equating to a $7 loss for the day. The choice of alternative investments is not very popular at the moment with stock markets being so bullish.  There is solid support at $1180 which is quite a drop from the current level.

19:25pm  (CET) ~  Quick catch-up on my day, I did not manage to watch any charts during the day today, I ended up going shopping in Palma instead. I have been watching my S&P500 chart for the last hour however, but nothing much happening with regard to the “Trade With A Day Job” system so I am closing off this laptop and going out for the evening