07:50am  ~ After an enjoyable day out yesterday I am looking forward to having a relaxing day at home now catching up on emails and doing some charts watching.

Both the Dow Jones 30 and S&P 500 indices had negative sessions yesterday and hit a previous support level intraday so now look poised to stage a rebound today or tomorrow if they can climb over Tuesday’s high. The move down in the U.S. was yet again caused by good news appearing bad as consumer confidence data showed a better than expected jump from February’s number and this in turn prompted Fed member Jeffery Lacker to call for a rise in interest rates as soon as June which then sent the markets into a sell-off mode with traders hurriedly booking recent profits. Over here in Europe the mood was equally bearish with all the main indices also ending in negative territory and Berksire Hathaway boss Warren Buffet musing that a Greek exit from the EU would ultimately be a good thing for both the region and Greece itself.  This did nothing for the strength of the Euro and it lost 65 pips against the U.S. Dollar to end the session at 1.07490 although after the overnight Asian session it’s up slightly more at 1.07850.

Crude oil was again under pressure during Tuesday’s session as talks regarding Iran’s nuclear ambitions give rise to the possibility of increased production from them coming onto the world market, this prospect caused further falls in the U.S. benchmark WTI Crude, it ended at $47:60 almost a Dollar down and is still falling this morning. Gold also suffered yesterday after calls for increased U.S. interest rates, it dropped $1.25 on the day to $47:40 although there was a minor reversal candle on the daily chart with some signs of being oversold so watch for a rebound upwards if the price goes above $1190 today.

Market Close Tuesday 31st March 2015:   Dow Jones 30  -200.19 @ 17,77.12  S&P 500  -18.35 @ 2,067.89  NASDAQ  -49.13 @ 4,333.69  FTSE 100  -118.39 @ 6,773.04  UK AIM  -3.53 @ 716.20  DAX 30  -119.84 @ 11,966.17  CAC 40  -49.88 @ 5,033.64  IBEX  -8.00 @ 11,521.10   Nikkei 225 (Today)  -150.11 @ 19,056.88 Hang Seng (currently)  +148.63 @ 25,049.52

09:15am  ~  A quick glance at my charts a few minutes ago shows just one possibility so far this morning – a trendFX ‘short’ opportunity on my Gold chart.

09:30am  ~  I am now in that trendFX trade – it’s a strategy 3 pattern with a 23 pip stop loss.

10:10am  ~  Just got into a very quick Dax 30 trade (another trendFX strategy 3 set-up) I am not sure how much further the index has to go upwards — stop loss on this one is 19 pips. My Gold trade is still doing ok.

10:40am  ~  The German Dax index has hit a weekly resistance level and retraced slightly so I am now out of that position – my profit was +45 pips.

11:05am  ~  The Gold price now has also hit a significant level, this time a support level from last night’s session so I am out of that position as well as I get ready for a cycle ride with a neighbour. Profit is +32 pips.

14:40pm  ~  Back from lunch in town and I’m once again in a trendFX trade on my Gold chart although this time it’s a ‘long’ position I have a 33 pip stop loss.

15:50pm  ~  The Gold price has risen quickly and now that the bullish momentum has calmed down slightly, I am out of the trade with a +69 pip profit.