07:35am  ~  Unusually early start for me today, I am off in a minute to a clay pigeon shoot but will be back at lunchtime and will then be spending the afternoon here in the study catching up on emails and doing some chart watching.

The markets were given a small boost late on Friday after comments from the U.S. Fed chief Janet Yellen gave a speech on forward policy. She stated that any rate rise will be entirely dependent on economic progress and will be gradual instead of sudden knee-jerk reactions to world events and significantly she also noted that raising rates too quickly is potentially more dangerous than leaving them at the historic lows as they are now. All this was good news for active traders and both U.S. indices ended slightly up and European markets are expected to largely follow suit this morning especially after encouraging economic data released for the Eurozone on Friday although the Greek situation is back in the news as anti-austerity prime minister Alexis Tsipras returns home to sort out new budget plans after a weekend of meetings with his Euro Paymasters.

The worries over crude oil supplies in the Middle East because of Saudi Arabia’s involvement in the Yemeni problems have receded slightly as Saudi Army spokesman Asseri has reasserted that his country will not be going in with ground troops but continuing with air strikes against rebels – and this statement eased the perceived pressure on production so we saw the drop in values continue after a small retrace at the beginning of last week.  The U.S. WTI Crude price is now at $48:03 and looks to heading back down towards the $43 support level where it’s been a few times in the past couple of months

Market Close Friday 27th March 2015:   Dow Jones 30  +34.43 @ 17,712.66  S&P 500  +4.87 @ 2,061.02  NASDAQ  +17.60 @ 4,332.86  FTSE 100  -40.31 @ 6,855.82  UK AIM  +0.69 @ 716.60  DAX 30  +24.65 @ 11,868.33  CAC 40  +27.71 @ 5,034.06  IBEX  -26.40 @ 11,427.40   Nikkei 225 (Today)  +139.77 @ 19,425.40 Hang Seng (currently)  +412.06 @ 24,898.26

13:35pm  ~  Just got back so going to get on with email and also do some chart watching.

14:00pm  ~  Possible ‘long’ trade on my Dax 30 chart with one of the trendFX set-ups.

14:10pm  ~  The Dax price has risen sufficiently to allow me an entry into a ‘long’ position, my stop loss is 23 pips and it’s a strategy 1 pattern.

16:30pm  ~  Still in my Dax position, it’s at +24 pips so far.

17:45pm  ~  The Dax price is hovering around the big number of 12,100 so I have come out of my trade as I have also had some friends arrive for the evening. My profit is +54 pips.

20:05am  ~  Just organised a day out with friends tomorrow so no trading or early morning market update for Tuesday as we are off at 7am.