08:40am UK time  ~  I shall be at home for most of the day although I will be out on my bike at some stage as I missed my ride yesterday. Any trades I have will be reported here.

Greece was back in the news as Euro Group countries and the ECB are urging the new Greek government to find a way forward as it’s running out of money fast and does not look like it can pay this month’s bills. Germany’s benchmark index, the Dax 30, was down at the end of yesterday’s trading session and has now had three days of loses after it came off record highs on Monday although my daily chart is showing signs of further bullish movement if it moves above the 12,000 level today or Monday. Across the Atlantic the S&P 500 index also had a negative session yesterday and the daily chart is looking decisively overbought so a move down to the next support level at 2040 maybe on the cards within the next week.

Moving over to the Gold chart – you can see that it bounced off its support at $1142 a few days ago and has made some progress upwards as the low U.S. interest rates seem to be on hold for the next few months meaning traders a moving over towards alternative investments although it is showing some signs of being overbought this morning and is hovering around another S/R level at $1170.

Crude oil values are again under pressure as U.S. stockpiles are at record levels and  the Kuwaiti oil minister Ali al-Omair stated yesterday that OPEC members have no choice but to keep pumping oil out of the ground to maintain their share of the overall market so they’re going to have to discount their prices to be able to sell the stock they’ve built up so there should be a move down towards $41.50 within the next week or so – currently sitting at $43.93

Market Close Thursday 19th March 2015:   Dow Jones 30  -117.16 @ 17,959.03  S&P 500  -10.23 @ 2,089.27  NASDAQ  +4.32 @ 4,426.82  FTSE 100  +17.12 @ 6,962.32  UK AIM  -0.26 @ 715.26  DAX 30  -23.37 @ 11,899.40  CAC 40  +3.76 @ 5,037.18  IBEX  +41.00 @ 11,091.00   Nikkei 225 (Today)  +83.66 @ 19,560.22  Hang Seng (currently)  -62.62 @ 24,406.27

09:15am  ~  Not much to see on my charts so I am off for a cycle ride for a few hours.

11:25am  ~  Just got back and the only possible opportunity I can see at the moment on my Metatrader charts is a developing UTB  ’long’ trade on the FTSE 100.

11:40am  ~  I am now in the FTSE trade with a 10 pip stop loss.

12:30pm  ~  The U.S. trading session is going to get going now so although I’m keeping my position open I have brought the stop loss upto break even so a potentially winning trade does not turn into a loser – it’s at +5 pips at the moment.

14:25pm  ~  Although it’s possibly doubling-up I have also got into a ‘long’ S&P 500 trade using the trendFX strategy one set-up – my stop loss on this one is 28 pips.

15:15pm  ~  There’s been a large spike in the FTSE price and it starting to become volatile so I have come out of my position with a +49 pip profit.  I shall send out a chart screenshot to students in a minute.

15:35pm ~  I am now also out of my S&P 500 position as well, it had reached a good high at 21091 which gave me a +56 pip profit, very happy with that outcome.