08:25am UK time  ~  A late start plus quiet day at home for me catching up on emails and doing some chart watching – and I also have 4 Skype calls with people who want to get started with part-time trading.

Overnight Asian markets have been generally bullish after Friday’s performance on Wall Street – the Japanese Nikkei index is this morning sitting at a new 15 year high after advancing nearly 1% during Monday’s early morning session. Last week saw both main U.S. indices climbing back towards their recent record levels spurred on mainly by the Fed’s apparent commitment to hold off the rate rise that was pencilled in for this coming June but watch out for the resistance levels on both the Dow Jones and S&P that look to be reached this week, the 2120 level on the S&P 500 is not far off – currently sitting at 2104 as the European session is getting going this morning.

Gold has made a good recovery off it’s $1140 support level and had mainly positive sessions last week although it is currently showing an overbought position on my daily chart, ther eis possible resistance at $1190 which is only $9 away so watch out for short trading opportunities in the next few days but with the Fed’s policy on interest rates there will be a fair number of investors looking for higher yielding products such as precious metals, so the short term outlook for Gold should be fairly good. Crude oil is back on its march downwards with storage in the U.S. fast running out as production as far outstripping supply so the recent support level at $44 looks a racing certainty in the next week unless the crude oil inventories number comes in lower than expected on a few days time. U.S. WTI Crude is currently sitting at $45:39 and looking quite overbought on the daily chart.

Market Close Friday 20th March 2015:   Dow Jones 30  +168.62 @ 18,127.65  S&P 500  +18.83 @ 2,108.10  NASDAQ  +31.71 @ 4,458.54  FTSE 100  +60.19 @ 7,022.51  UK AIM  +0.63 @ 715.89  DAX 30  +139.97 @ 12,039.37  CAC 40  +50.31 @ 5,087.49  IBEX  +328.60 @ 11,419.60   Nikkei 225 (Today)  +194.14 @ 19,754.36  Hang Seng (currently)  +94.61 @ 24,469.85

09:15am  ~  I’ve had a couple of Skype calls but there’s now a break until the next one so I’m going off on a cycle ride for an hour or so – nothing much happening on my charts either at the moment.

10:50am  ~  Back now and there’s a few potential opportunities on a couple of charts – more soon.

11:00am  ~  Possible ‘long’ trade on my FTSE 100 chart – a trendFX set-up.

11:15am  ~  The FTSE trade has triggered and I am also waiting for a possible UTB trade on my Gold chart.

11:35am  ~  I am also in the Gold UTB trade now. My stop losses are both quite reasonable:  FTSE trade 14 pips and Gold 15 pips.

13:10pm  ~  Still in both positions – they are doing ok so far.

14:25pm  ~  The Gold price has hit a recent resistance level and as I’m happy with the score I have closed off my position at +59 pips.

15:15pm  ~  Now out of my FTSE position as well (+30 pips). Time for a late lunch..

22:05pm  ~  No more trading to report, I’ve been in and out of the house all evening.