08:10am UK time   A lazy day at home today after an extremely busy day and late night in London. I’ll report any trades I have as the day progresses.

European markets experienced a largely negative trading session yesterday on continued worries about the Greek situation which now involves sequestration of public funds by the beleaguered government but with overnight gains in Asia together with a buoyant U.S. performance yesterday means that there maybe a bounce upwards today.  Corporate earnings in the U.S. continues to fuel their markets and yesterday’s encouraging new home sales numbers helped this bullishness although there does seem to be a ceiling that’s developing which both the Dow Jones 30 and S&P 500 are finding hard to break through.

In the oil market there was a drop in U.S. production but yesterday’s inventory numbers showed another build which was way ahead of expectations and now stocks are now at nearly 490 million barrels which is a level last seen 23 years ago. This news put pressure on WTI Crude and it has formed a resistance level on the daily chart at $58 and is currently sitting well below that at $55:88 with UK Brent Crude in similiar situation, looking as though the bears are becoming stronger. Gold had a negative Wednesday session after bullish U.S. markets kept investors away and it is now around the bottom of the narrow band that is has been travelling in for the past month, so the next few days will be interesting to see if it bounces off its $1180 support level.

Market Close Tuesday 21st April 2015:   Dow Jones 30  -85.34 @ 17,949.59  S&P 500  -3.11 @ 2,079.29  NASDAQ  +18.58 @ 4,435.98  FTSE 100  +10.80 @ 7,062.93  UK AIM  +1.89 @ 750.94  DAX 30  +47.67 @ 11,939.58  CAC 40  +5.05 @ 5,192.64  IBEX   +37.70 @ 11,422.30   Nikkei 225 (Today)  +181.28 @ 20,090.37  Hang Seng (currently)  +112.06 @ 27,962.55

08:15am   Just waiting for a possible UTB trade to trigger on my German Dax 30 chart. The price is quite volatile at the moment so I may not get in if it triggers by going lower than 11866

08:20am    I am now in a ‘short’ position on the Dax with quite a high stop loss (for me) of 74 pips.  I’ll send out an email soon to students regarding high stop losses and how to trade with them without any stress.

09:20am    The Dax price has come down well after disappointing manufacturing numbers across Europe this morning so I am now out of my position with a +152 pip profit.

13:00pm    Had a problem with this blog again, it froze earlier this morning so I’ve not been able to post any new comments – and strangely cannot send emails either so maybe my broadband ?  But inbetween a cycle ride and a couple of Skype calls I have managed to take another UTB trade, this time a ‘long’ position on my U.S. WTI chart and with a slightly smaller stop loss – just 29 pips. I am still in the trade and it’s doing ok at the moment.

15:05pm   Just come out of my WTI Crude ‘UTB’ position – it has managed +143 pips.

16:10pm    Charts off for a while now, going to a friend’s farm for some clay pigeon shooting and a barbeque

23:35pm    There was no more trades to report as I’ve been out all evening.