08:20am CET (07:20 UK time)  ~  A nice quiet day at home for me today – I spotted that around 300 incoming emails have not been downloaded onto this laptop so I shall be catching up with those primarily today – if you’ve written to me in the past week and not had a reply please bear with me.  Cycle ride at some stage, I did not manage one yesterday.

Traders were reluctant to keep the bullish momentum going yesterday and a fair amount of profit taking meant that all major indices both here in Europe and over the water in the U.S. ended Tuesday’s session in the red. Rumours of poor corporate earnings meant that technology and health-related companies fell the most during the U.S. session together with news that most of the rise in prices over there was caused by companies buying their own shares – although that could be seen as confidence in future.  Here in Europe, the spotlight was temporarily taken away from Greece’s troubles with news that there is a mini-crisis in the Austrian banking sector with multi billion euro debts that look to be lost forever, no doubt there will be more news on that subject today.

The crude oil market was boosted by news that the ever confident Saudis have increased their prices of oil exports to Asia amid increased demand and this together with a refinery strike in Libya meant that WTI Crude was in a bullish mood yesterday, moving ever closer to the resistance level at $51 — it is currently sitting at $50:48 as I write this with plenty of momentum behind it.

Market Close Tuesday 3rd March 2015:   Dow Jones 30  -85.26 @ 18,203.37  S&P 500  -9.61 @ 2,107.78  NASDAQ  -24.27 @ 4,458.78  FTSE 100  -51.51 @ 6,889.13  UK AIM  -3.95 @ 709.15  DAX 30  -130.00 @ 11,280.36  CAC 40  -48.07 @ 4,869.25  IBEX  -163.80 @ 11,014.70   Nikkei 225 (Today)  -111.56 @ 18,703.60  Hang Seng (currently)  -194.91 @ 24,507.87

All time below are CET (UK + 1hr)

09:15am  ~  Neighbour has just suggested a cycle ride and as there’s not much happening on my charts I’m off for a while, we’re going south across the bay apparently.

12:05pm  ~  Been back a short while and the only thing I can see on my collection of charts is a possible set-up suggesting further bearish movement for Gold.

12:35pm  ~  I am now in a ‘short’ position on my Gold chart with a trendFX strategy one set-up. My stop loss is 14 pips and there seems to be a small support area at $1201.50 that needs to be watched.

12:40pm  ~  Just got into a ‘long’ UTB position on my French CAC 40 chart – stop loss this time is 10 pips

13:05pm  ~  Just been stopped out of my Gold trade at minus 14 pips.

14:25pm  ~  Now out of my other position with a +25 pip profit.

14:40pm  ~  Wednesday’s U.S. trading session has just got underway and there’s no real excitement at the moment so we’re driving into town to have a late lunch.

17:25pm  ~  As we’re at home and not planning to do much tonight I shall switch on my S&P 500 chart on at 6 o’clock to watch for any ‘Trade With A Day Job’ opportunities.

19:50pm  ~  Just been invited out so charts off and nothing to report.