Trading Diary & Market Update ~ Thursday 18th December 2014
08:35am ~ In and out of the house all day today with various errands so not sure if I’ll be doing any trading – but will report back here if I do.
If you were trading my evening system last night you’ll be ware that the markets got a boost last night after Fed Chairman Janet Yellen intimated that a U.S. interest rate rise will not be occurring in the next few months at least. This news sent the Dow Jones Industrial Average skywards and it had its biggest one day rise since last year with bond yields and the U.S. Dollar also shooting upwards and the optimism has spilled over to the Asian session early this morning where the Japanese Nikkei 225 advanced 184 points. The wider S&P 500 index has once again obeyed the 1970 support level from September and has bounced off it and is still rising this morning in the futures market.
Crude Oil has also had a boost yesterday as traders could see a buying opportunity after the WTI price hit a support around $54:25 and its value mirrored equities for the afternoon even though there was a less than expected drop in U.S. Crude Inventories at Cushing, Oklahoma. The rise in the U.S. Dollar yesterday plus the Fed’s outlook for US interest rates caused Gold prices to drop over $6 lower to $1188.6 and there was also rumours that Russia maybe forced to sell its gold reserves to prop up the falling Ruble.
Market Close Wednesday 17th December 2014: Dow Jones 30 +288.00 @ 17,356.87 S&P 500 +40.15 @ 2,012.89 NASDAQ +75.50 @ 4,165.10 FTSE 100 +4.65 @ 6,336.48 UK AIM +0.38 @ 680.21 DAX 30 -19.46 @ 9,544.43 CAC 40 +18.71 @ 4,111.93 IBEX -32.40 @ 10.049.50 Nikkei 225 (Today) +390.32 @ 17,210.05 Hang Seng (currently) +184.30 @ 22,770.14
16:20pm ~ Not any trading for me so far as I’ve been out for most of the day but I may have a chance to look at my “Trade With A Day Job” charts later on.
18:05pm ~ A bit late for me but I’ve just turned on my S&P 500 chart here in the kitchen and I’ll watch for any TWADJ opportunities while I cook supper for some friends.
18:20pm ~ I am now in a ‘long’ position with the main “Trade With A Day Job” strategy — my stop loss is 20 pips.
18:55pm ~ Now out of my TWADJ position at +20 pips.