08:30am  ~  There is a large wooden barn frame to erect today so I shall be in and out of the house today helping the builders but watching some charts when I can. I have 4 Skype calls as well, mainly this afternoon.

The German Dax 30 failed to reach the significant 10,000 level and along with the U.S. equity market, it had a generally bearish day yesterday. The S&P500 formed a reversal candle on the daily chart, so we may have some more profit-taking for the rest of the week in the run-up to the end of the month and the Dow Jones 30′s decline was mainly blamed on the retailers – it finished down 29 points at 16,649.

A stronger US dollar combined with a bearish stock market yesterday caused the WTI Crude price to fall by just over a dollar yesterday to $103.08 a barrel. there also seems to be a large oil stock and the forecast of a drop in GDP has kept prices in check, the short term trend is now down. Gold is now approaching the $1250 level after a couple of bearish sessions, so we could expect some bargain hunters around today, there may be some short-term profit opportunities to go ‘Long’ with the right set-ups.

18:10pm  ~  Been outdoors all day so it’s nice to be back inside with a very cold beer and an S&P500 chart. I’ll report back later if there’s any trades.

Midnight  ~  I ended up having one trade earlier, it kicked off just before 8pm (7pm UK time) and I closed the position off right on the U.S. session close with a +43 pip profit.