07:30am UK time ~ I’m here in the study this morning doing some chart watching while catching up on emails then a clay pigeon shoot this afternoon. I will report back here if I have any trade details to share with you.

Equity markets were buoyed yesterday by higher crude oil values in the U.S. and talk of a Greek agreement on debt in Europe.  The WTI Crude price rallied by nearly $1.80 yesterday after a slowdown in production caused many traders to believe there is going to be an oil shortage although the stock situation numbers will confirm this later today so expect some good trading opportunities this afternoon. Energy companies led the the way in U.S. equities and the Dow Jones 30 index rose 1.76% by yesterday evening and the wider S&P 500 confirmed its position over the 2000 level by finishing at 2050 (+290 pips) and is now looking at the next resistance level at 2065.

In Europe the German Dax 30 is at a 6 year high as the Greek tragedy looks like calming down temporarily, with the Greek Finance Minister Yanis Varoufakis meeting with ECB boss Mario Drahi and with Wolfgang Schaeuble, the German Federal Minister of Finance tomorrow to try and calm the waters and finally agree to a debt repayment programme that the rest of the EU feels comfortable with.

Despite growing demand from the upcoming Chinese new year, Gold suffered a fall yesterday and ended the day nearly $15 down at $1260.50 and is now heading towards the $1250 support level, so watch for long trading opportunities when it reaches this point.

Market Close Tuesday 3rd February 2015:   Dow Jones 30  +305.36 @ 17,666.40  S&P 500  +29.18 @ 2,050.03  NASDAQ  +40.56 @ 4,229.15  FTSE 100  +89.25 @ 6,871.80  UK AIM  +2.22 @ 693.27  DAX 30  +62.94 @ 10,890.95  CAC 40  +50.23 @ 4,677.90  IBEX  +270.10 @ 10,598.20   Nikkei 225 (Today)  +342.89 @ 17,678.74  Hang Seng (currently)  +123.229 @ 24,678.0

10:30am  ~  Not much happening on my charts so it’s time for my daily cycle ride – over the river to Walberswick and then down the beach path towards the power station.

12:10pm  ~  Just got back and I can see a possible ‘short’ UTB trade setting up on my German Dax30 chart.

12:20pm  ~  I am now in a ‘short’ position on my Dax chart with a 19 pip stop loss.

13:20pm  ~  Just come out of my Dax position after the market became extremely volatile following the U.S. employment numbers announcement a few minutes ago – I managed a +10 pip profit.