07:55am CET (06:55 UK Time)  ~  Some more DIY today on various buildings here but I shall be around watching charts as well so I’ll report back here with any trades I find.

The Greek tradgedy did not hold equity markets back on the first day of the new week, U.S. indices finished positively  after starting down on Greece’s election result by the anti-austerity party. The S&P500 ended over 50 pips up and the Dow Jones 30 gained a similiar percentage as traders reasoned that there’s no immediate danger posed from the Syriza party getting into power as they have now stated they are willing to ‘negotiate’ Greece’s debt position with the ECB.

Crude oil values were in the news again yesterday as the U.S. WTI Crude hit a six-year low at just over $45 after the Secretary-General of OPEC said that there was 1.5 million barrels of over production per day which is doing nothing to prop up the price even though Libya’s contribution to global stocks is about to be disrupted as some of their ports look to be closing due to localised fighting.

The Gold price suffered from some profit taking after January’s rally to the $1300 level, it would seem that even safe-haven investors believe the Greek situation is not as problematic as once thought. It is currently sititng at $1282.50 and the next support on the way down is at $1250.

Market Close Monday 26th January 2015:   Dow Jones 30  +6.10 @ 17,678.70  S&P 500  +5.27 @ 2,057.09  NASDAQ  -2.43 @ 4,275.72  FTSE 100  +19.57 @ 6,852.40  UK AIM  -1.82 @ 694.44  DAX 30  +148.75 @ 10,798.33  CAC 40  +34.44 @ 4,675.13  IBEX  +114.60 @ 10,696.10   Nikkei 225 (Today)  +299.78 @ 17,768.30  Hang Seng (currently)  -112.47 @ 24,797.43

All times below are CET (GMT +1hr)

09:25am  ~  Just popped indoors to look at the charts and nothing much happening at the moment.

11:40am  ~  Just looking at my Dax30 chart – there maybe a move down in a minute according to my trendFX chart.

11:50am  ~  Didn’t need to wait very long, I am now in a ‘short’ position on the Dax using strategy one from the trendFX manual.  My stop loss is at 15 pips.

13:10pm  ~  Quite happy with the move down on my Dax position and I’m also taking the builders out for some lunch as well in a minute so I am now out of that trade – it has managed a +65 pip profit. To give you an example on how different charts move in relation to each other, the same move on the CAC40 index this morning was around 30 pips with a 12 pip stop loss, so it is a much better idea to trade the Dax instead when both instruments show the same trade opportunity – the London FTSE100 also does not move as well as the Dax.

20:05pm  ~  No trading to report from this afternoon as I was outside helping the builders until an hour ago. I have however just entered a ‘Trade With A Day Job’ position on my S&P500 chart – it’s a ‘long’ trade and my stop loss is 23 pips.

20:55pm  ~  The S&P price is losing it’s upwards momentum and I am way past my normal 20 pip profit target so I am now out of the market at +48 pips giving me +113 pips for the day.