08:30am CET (07:30 UK time) ~ Myself and some friends have found a small clay pigeon shoot not far from Escorca so we’re going up there this morning to try it out, so not sure how much trading I’ll be doing today. I’ll report back here with any news.

European markets are set to make up some of yesterday’s losses after a fairly positive overnight session. Australia’s Reserve Bank has decided to keep their record low interest rates on hold for another month in an attempt to counter the worries that falling commodity prices are having on their economy. U.S. markets ended Monday’s session down as both their main indices hit a resistance level last week so traders have taken this opportunity to take some profits – yesterday’s falls was led by Apple, which was due mainly to weak manufacturing data from China and disappointing Thanksgiving Day sales although U.S. ISM figures came in better than expected.

German manufacturing numbers were lower than expectations giving more weight to a general slowdown in the Eurozone and a general consensus that the ECB will now go with full-scale Quantative Easing – this stagnation is going to affect the UK in the fullness of time so there was a general bearish mood for the FTSE 100 as well yesterday.

The crude oil fall was temporarily halted yesterday as traders took advantage of low prices but the U.S. fracking programme is giving the Yanks plenty of cheap oil and with a general global slowdown, there is just too much Crude around so prices cannot continue to rise – WTI crude has fallen already this morning by around a dollar from yesterday’s high at $69:52.

Market Close Monday 1st November 2014:   Dow Jones 30  -51.44 @ 17,776.80  S&P 500  -14.12 @ 2,053.44  NASDAQ  -49.97 @ 4,287.81  FTSE 100  -66.25 @ 6,656.37  UK AIM  -12.75 @ 712.91  DAX 30  -17.34 @ 9,963.51  CAC 40  -12.85 @ 4,377.33  IBEX -97.90 @ 10,672.80   Nikkei 225 (Today)  +73.12 @ 17,663.22  Hang Seng (currently)  +343.93  @ 23,711.38

All times below are Central European Time (UK +1hr)

11:50am  ~  Back from Escora now so I’m going to watch my charts for a short while before lunch.

12:20pm  ~  There maybe a UTB pattern setting up on my S&P500 chart – more news soon.

12:45pm  ~  I am in a ‘long’ position on my S&P now with a 16 pip stop loss.

13:55pm  ~ Off now for a late lunch and as I’m not sure how volatile the U.S. open is going to be I’ve closed my position off at +31 pips.

18:05pm  ~  After we got back from lunch I had a relaxing cycle ride upto Formentor and I’m now going to watch my S&P 500 chart while I help cook supper for 14 guests that are coming over tonight.

18:50pm  ~  I am now in a ‘long’ position on the S&P with an 18 pip stop loss.

21:00pm  ~  I’m now out of my “Trade With A Day Job” position as friends are beginning to arrive.  Not sure of the exact result as my Metatrader platform has now frozen but it was a fair profit.