08:15am     I am planning to be around the house for most of the morning ahead of a 3-day trip away – any trades I have will be detailed below.

Market Update:

The overnight Asian trading session ended positively on the whole despite a lack of cues from the U.S. who were away from their trading screens yesterday for the Thanksgiving Bank Holiday. Despite markets in the U.S. being closed equity futures did rise steadily through Thursday but slowly lost their bullish momentum around midnight UK time and have been going sideways for the last 4 to 5 hours.  European markets have got off to a fairly good start although the FTSE-100 is fairing better than those on mainland Europe, it is up 28 points so far at 6839.

Crude oil prices have been going sideways for a few days after hitting a high around $49 at the beginning of the week but some more bearish moves are becoming evident this morning, the U.S. WTI Crude has fallen over 60 cents in the past few hours to settle at $47:44.  Gold has picked up this morning after hitting a low of $1171 yesterday, it is currently at $1190.90.

Trading Diary:

08:40am    The markets are still settling down after the European open and so far there are no obvious trading opportunities so I am off for a cycle ride in this morning’s bright sunshine. Back in an hour or two.

12:35pm   Been back a short while but have no trades to report – off out to lunch now.

14:25pm   I am now in a ‘long’ position on the S&P-500  - unusually it’s a Magic-Line pattern but it is also developing into a trendFX strategy-3 set-up as well. My stop loss is 12 pips.

14:40pm   The price on my S&P-500 chart has risen sufficiently to trigger the aforementioned trendFX trade as well  -  the more reasons you have to get into a position the better your chances are of a profit.

16:00pm   Still here watching my S&P-500 chart as my departure has been delayed – the position is in profit (just) but the markets have no great volumes today so they’re not moving much. I’ll see what happens in the next hour as I have to leave by 5pm.

17:10pm    My S&P-500 position has not progressed much in the last hour but I have to close it off now as we are off soon (hopefully)   –  it has managed +19 pips and means that I have amassed a grand total of +136 pips this week and my running total for November is +646 pips.

I will be back here in front of my charts next Tuesday after a short break away –  I hope you have a nice relaxing weekend.