10:35am CET (09:35 UK time)   Late start for me today as I’ve had some broadband/internet problems out here to sort earlier this morning – I have a few other issues to fix as well but I may have a chance to do some chart watching later so keep an eye on the Trading Diary below.

Market Update:

Low volumes of trading in the U.S. yesterday due to Veteran’s Day holiday meant that the three main indices over there did not make much headway and ended slightly down on the day which will impact on the European start for today. Continued uncertainty over the timing of an interest rate rise from the Federal Reserve seems to be holding the S&P 500 and Dow Jones markets back and they are well off the highs we saw during the first half of 2015 although the price does seem to be resting yet again on the 2070 level on the S&P – I sent opver a chart illustration to subscribers earlier this morning.

Crude oil values have consolidated slightly overnight after large falls in the last few days ago due to reports of over supply worries in the U.S. and today’s Crude Oil Inventories numbers will confirm this rumour. The WTI Crude price is currently sitting just below the $43 level but with the Daily chart looking very oversold we may see some small rises before the end of this trading week.

Trading Diary:

All Times Below Are Central European Time (CET) UK time +1hr

11:55am   Been back for an hour or so and not seen any trading opportunities so I am off on a cycle ride towards Formentor and then lunch afterwards.

17:15pm    There may well be a ‘short’ trade coming up on the S&P 500 chart but we are off out in a minute for an early drink in town with friends so I’ve set-up an order – entry is at 20650 with a stop loss of 35 pips. I have set the profit at +65 pips which is a close support level.

21:30pm   Just got back home and seen my S&P trade has managed +65 pips   —   happy days….