08:00am   Nice relaxing day at home planned and any trades I have will be reported below.

Market Update:

U.S. equity markets reached further new highs during Monday’s trading session with the main S&P-500 hitting 2358.50 in early futures trading before falling back and closing last night at 2351.16 (+0.17%) and this morning it is sitting at roughly the same level after reversing at 2355.20 during the night. The overnight Asian trading session ended mixed with the Shanghai Composite and Nikkei 225 indices closing up but the Hang Seng and Australian ASX-200 closing marginally down, this disparity is mainly blamed on uncertainty around Trump’s next move regarding his much-anticipated economic reforms.

European markets have opened level to slightly up this morning although they have had no directional cues from the U.S. as they were on holiday yesterday. Gold is looking fairly bearish this morning after reversing at the small resistance area of $1244 last Friday, it’s direction this week is probably once again dependent on how equity markets fare.  Crude oil markets are looking positive this morning and are trading at the upper level of the narrow trading range they’ve been in for the past few months, U.S. WTI Crude is at $54.10 at the moment although the daily chart is well overbought so we could see some selling pressure ahead of this week’s U.S. Crude Oil Inventories in a few day’s time.

Trading Diary:

09:50am    I have just entered a ‘short’ Master-The-Trend Strategy-A position on my UK FTSE-100 15-min chart, the stop loss on this occasion is only 8 pips.

11:10am   Just got back from a cycle ride and seen that my FTSE trade has been stopped out at -8 pips.  Nothing else to get excited about on my charts so far.

12:40pm   Another Master-The-Trend pattern has popped up on my Gold 15-min chart, it’s a Strategy-A set-up again and my stop loss this time is 16 pips. There was a similiar set-up on my WTI Crude Oil chart 20 minutes ago but I missed it as I was out in the garden at the time.

14:40pm   The Gold price has come down quite well and I am now out of my position with a +38 pip profit giving me a total score for the day of +30 pips.  Happy with that so I shall curtail my trading activities for another day and be back here tomorrow morning.