09:55am   Late Market Update today as I’ve already been out on a cycle ride in this morning’s glorious weather. Not much chart watching today as I am back out in the sun soon but first I will be sending out updates TRADE-ALERT sheets for my Triangle Trading and Trend-Line systems so if I do see any trade opportunities while doing that I will report the details below.

No trading next week, I am away on a short holiday although I shall be checking email every day.

Market Update:

The overnight Asian markets ended mixed this morning with Chinese and Japanese bourses mainly down after disappointing Central Bank announcements earlier in the week although the Australian ASX-200 did close slightly up on the day. Europe opened lower and PMI results released an hour ago has nothing to increase optimism as they mostly came in lower than expectations.

Yesterday’s U.S. trading session closed on a high with the Dow Jones Industrial Average ending around 100 points up and the Nasdaq closing on another record high as traders digest favourable economic data and also the Fed’s decision to keep rates on hold until December (probably)

Crude oil has enjoyed a good run this week on news of lower U.S. stocks and traders did take the chance overnight to book some profits which led to declines in the Brent and WTI Crude price – current WTI price is $45:51 although we could see some support around this level.

Trading Diary:

13:10pm    No trades to report as I’ve not been indoors that much so far today. Back trading on Monday 3rd October after my short break away.