Trading Diary & Market Update ~ Monday 11th November 2013
08:45am ~ I had an early cycle ride this morning, getting out onto the beach and coastal path at 8am, and it seems to me that winter has well and truly arrived, it was bitingly cold this morning. I think it’s time to get out to some warmer climes for the next few months, so we shall be off to Spain sometime this week, as soon as I can get a flight.
Friday’s Non Farm Payrolls numbers shows that jobs growth significantly outperformed market expectations despite the government shut down saw the price of bonds and gold drop. However, the stock market rallied after an initial decline, closing strongly to complete a bullish reversal on the day in what could be a sign of things to come maybe ?
Weekend news that industrial production and retail sales in China last month were a little above consensus expectations was seen as consistent with steady GDP growth around 7.5%pa and taken as a positive by most investors, so we should see the European markets open positively. It is Veteran’s Day in The U.S. but markets over there are open, it is one of the national holidays that a largely ignored by traders. I am just writing a quick email to customers outlining the actual days the markets are closed during the year – meaning home-based traders can have a relaxing day off if their trading my numerous S&P500 strategies.
As well as trawling the easyJet website for available flights, I also have some emails to catch-up on, and I will also watch my charts for trade opportunities this morning.
09:10am ~ I got into a ‘long’ trade on my S&P500 chart with my trendFX Beginner’s “Extra” strategy a few minutes ago. Not much else happening on the markets, typical start to the week.
12:55pm ~ I am off out for lunch now at The Crown, so I have just closed off my S&P trade, I have managed a profit of +38 pips. I’ve managed to get a couple of seats on the 4:30pm Ryanair flight to Alicante this afternoon so it’ll be a fairly quick lunch and no trading tonight, but I’ll back in front of the charts tomorrow.
Daily Target Reached ? YES (+38 pips) I traded the morning session today