07:55am  ~  A day away from my charts as 1) I am off clay pigeon shooting in an hour and  2) it is Non Farm Payrolls day once again so I tend to stay away from the markets. I am also putting the finishing touches to my new instruction manual on Binary Trading.

It’s going to be an interesting day on the markets led by the jobs numbers in the U.S. as expectations are for a rise of around 235,000 for January and although this shows a confident and expanding employment situation, traders could also interpret this as giving the Fed an excuse to raise interest rates sooner than expected because the economy is doing better now – good news is bad news scenario again. The other big story is the Greek debt situation with the finance minister Varoufakis failing so far to convince anyone in Brussels or Frankfurt that they should wipe the slate clean regarding the monies owed after the 2010 bailout. The anti-establishment Syriza party was elected on the ‘No-Austerity’ ticket but so far have failed to deliver to the voters the promises boasted about in their election manifesto.

The Dow Jones had a largely positive day on Thursday buoyed by energy stocks and positive employment numbers and finished 1.2% up on the day with the S&P500 up almost as much. The fact that ther eis still over-supply and weak demand for crude oil did not deter the WTI Crude prices either, it rallied over $2 during yesterday’s session to finish at $50.91 and is firmly on course for the short term support/resistance at $53.50 although my daily chart does show a bearish bias towards $43.50 again.  Gold is forming a distinct triangle pattern on the daily timeframe so a big move either up or down is on the cards in the next week, it fell nearly $6 by the end of yesterday’s session to finish at $1264.50 and after today’s Asian session it’s trading slightly higher at $1267.

Market Close Thursday 5th February 2015:   Dow Jones 30  +211.86 @ 17,884.88  S&P 500  +21.01 @ 2,062.52  NASDAQ  +34.98 @ 4,256.18  FTSE 100  +5.91 @ 6,865.93  UK AIM  +3.92 @ 697.95  DAX 30  -5.91 @ 10,905.41  CAC 40  +7.00 @ 4,703.30  IBEX  -42.30 @ 10,535.50   Nikkei 225 (Today)  +143.88 @ 17,648.50  Hang Seng (currently)  -71.79 @ 24,693.70