08:45am CET  (07:45am UK time)  ~  Another day of helping the builders but I will fit in some chart watching/emailing/cycling during the day.  It looks like another hot one so I shall go out for a ride before the sun gets too high in the sky.

Even though there is dissent in Europe regarding the EU, German traders seem to be looking for reasons to push the Dax upto the 10,000 level, yesterday saw its third bullish day in a row. Many see the Germans as the main benefactors of the EU club, and they have the most to lose if the whole experiment is disbanded, so traders are obviously looking elsewhere for reasons to be optimistic. Across the Atlantic there was an unexpected rise in the Durable Goods numbers, and this pushed the Dow Jones index 26 pips higher at the close at 16682 – the 16700 level is now firmly in investors eyes.

If you were following my trading yesterday, you’ll have noticed I joined in on the bearish movement on the Gold chart. There was no real reason for the prolonged selling apart from investors coming out of ‘safe-haven’ commodities and back into equities – the S&P500 also had a good run-up, ending the session around 1912, with Facebook shares up 3.5% and Apple gaining nearly 2%.  Traders expectations for large crude oil inventories sent WTI Crude prices 10 cents lower yesterday to close at $104.17 a barrel, and investors moving into equities have also stunted any bullish momentum.

10:55am  ~  Got back from a quick ride out along the Ma-10 (a 35km round trip)  10 minutes ago and I’ve just switched on my collection of charts to see what’s happening in the markets. A long trade on the S&P500 was triggered a short while ago but I’ve just been able to get into a position at a better level with a small 17 pip stop loss. It’s a trendFX strategy-one set-up.

12:40pm  ~  Off to lunch now, so I’ve taken this opportunity to get out of the S&P trade. It’s ended up at +29 pips. I have mucked-in with the work as a labourer but probably watched the charts for too long.

15:05pm  ~  Back from a typical long Spanish lunch – it’s now time to finally help the guys outside, so no charts for me this afternoon…..

18:00pm  ~  Going to watch my charts for a few hours before we’re out for the evening.

19:45pm  ~  Nothing for me to get excited about on the S&P500 chart, so I am switching this laptop off and going for a shave/shower/shampoo…….