08:35am  Wedding over and off on our honeymoon this coming weekend and I am at home for the rest of the week relaxing and NOT watching any charts, so no trading diary at the moment.

Market Update:

U.S. markets surged once again yesterday and the Dow Jones 30 index hit another record high before retreating slightly to finish up by 130 points as trading closed at lunchtime ahead of the Independence Day holiday today.  Bank stocks were the main driver of this bullish sentiment with Goldman Sachs contributing the most to the rise with traders moving out of tech stocks and into financials, the Nasdaq index closed down 30 points (-0.49%) at 6110.26.  With U.S. markets closed today for their bank holiday expect the European session to quieter than normal with lower trading volumes.

The overnight Asian session was dominated by news North Korea has fired yet another test missile which is reported to have landed within waters close to Japan and within their exclusive economic zone and this has had a negative impact on trading across the region with all the main indices closing in negative territory except for the Australian ASX-200.  Oil markets saw some profit taking by traders early this morning after an 8-day run of rises as positions were closed ahead of the Independence Day holiday, U.S. WTI Crude hit a high of $47.09 before retreating back and is now sitting at $46.86 and price action on the Daily chart is suggesting the possibility of further price falls.

Gold touched a small support area at $1220 yesterday and staged a small bullish price reversal which supported by safe-haven buying after the North Korean missile test, it has fallen steadily now for the last month from a high of $1295 but we could see some consolidation now as it tests the strength of the aforementioned $1220 level.