09:55am  ~  This morning’s market update is slightly later than usual as I had a site meeting with builders at 7am at an old cottage I’ve just bought on the Essex coast, but I’m back in my study now doing emails and some chart watching as well.

The Dow Jones 30 had a down day yesterday and has now come to rest on a previous support level (15700)with the S&P500 following suit. Later in the U.S. session, as widely expected the Fed announced it will cuts its stimulus program by a further $10 billion a month but that was already priced in to a certain extent so not much movement after that bit of news.

The weekly US crude stockpiles numbers climbed 6.4 million barrels surpassing expectations for an estimation of just 2.2 million barrels. That triggered a drop in crude prices initially but proved to be short lived as traders then realised that cold weather is estimated to increase demand for energy products to a record for more than five years. In the end the WTI crude prices closed 25 cents up at $97.42.

11:05am  ~  There’s not much happening on my favourite charts over the last hour so I am off for a cycle ride along the river, and then lunch at Cafe Rouge afterwards.

16:20pm  ~  I’ve ended up being out all afternoon doing some shopping in town but I shall sit down soon and see if there are any “Trade With A Day Job” opportunities on the S&P500

18:25pm  ~  I am now in a ‘short’ trade on the S&P500 using a set-up from the “Trade With A Day Job”  Manual 2. The stop loss is 14 pips.

19:25pm  ~  After an hour of trading I am now out of my ‘short’ position as we are off out in 5 minutes, I have managed a profit of +30 pips.

Daily Target Reached ?  YES  (+30 pips)