09:25am (CET)  ~  I was up quite early this morning – and have already had a cycle ride down into Calpe and back together with 20 lengths of the pool to finish my exercise session.  I have a few meetings here during the day and there is talk of some clay-pigeon shooting at a friends house further up the hill. Light volume in the markets ahead of tomorrow’s U.S. holiday may quieten any trading opportunities today, I will come back to my charts every so often to keep an eye on them.

The U.S. markets yesterday ended broadly flat after a very choppy session, the S&P500 seems to have hit another resistance point and with light trading today and the Thanksgiving holiday tomorrow, I cannot see it extending it’s rise this week – unless we have some favourable numbers out after lunchtime with the raft of economic announcements detailed here.  WTI Crude prices are still on the wane, and today’s inventories number probably will not stem the fall, although the chart shows the price is getting close to the $92.60 support line, so we may get some technical traders reaching for their wallets at that stage.  Gold is still out of favour as a safe-haven investment due to the rise in equity markets and continues its downward movement although we did see a brief reaction upwards a few days ago when the price hit $1225 so we could see a rise in the near future – the yellow metal is also quite a way from its main moving averages so a move back up towards them is expected soon.

09:55am (CET)  ~  I’m in a Gold trade after quickly glancing at my charts a few minutes ago, maybe the rise is coming earlier after my comments 30 minutes ago !   It is a ‘long’ position with a stop-loss of 32 pips.

12:30pm (CET)  ~  I am happy with my profit on the Gold trade so I have just come out of the position with +65 pips.  Time for some lunch shortly down the road at the Yacht Club and the shooting afternoon has been confirmed for 3pm.

Daily Target Reached ?  YES (+65 pips)       I traded for just over two hours this morning