10:45am (CET)  ~  Interesting happenings on the markets last night, after the Fed Announcement the markets in the U.S. took a dramatic drop and there have been mixed explanations this morning amongst traders as to why it occurred. My own feelings are that Bernanke wanted to slow down this weird up-trend in equities by ignoring the effects the government shutdown had on the overall economy and instead look on the bright side and suggests that the economy was beginning to look positive. This then hints that tapering (Slow down of government money-printing) may start earlier than expected so traders take that as a negative. This also had an effect on Gold prices, as a stronger economy will have less need for safe-haven investments, so the yellow metal dropped in value yesterday afternoon, but has now just hit a support level on the daily chart.  WTI Crude Inventories came in higher again, so that too had a negative effect on Oil prices.

Not sure how much time I’m going to have in front of this laptop looking at charts today, we are off clay-pigeon shooting later this morning and then off to Palma later in the day to see an estate agent about a parcel of land for sale locally.  I will report back later if I have anything trading related to report.

17:35pm (CET)  ~  Just got back and I’ve promised to show some of this week’s guests how to trade the main U.S. market, so we’re going to sit down now and watch the S&P500 chart.

19:45pm (CET)  ~  I’ve had one trade on the S&P500 and as it’s well over my daily target I am going to switch of my MT4 chart now.  The trade was a ‘long’ position, joining in on the upward trend that’s prevailed for most of the afternoon and I came out with +37 pips.

Daily Target Reached ?  YES  (+37 pips)        I traded for just a few hours this evening