09:35am  ~  The main U.S. markets yesterday seemed to shrug off the worries about Syria and instead took more notice about the amount of car sales that occurred in America in August – the numbers were way above all expectations. These bullish figuress helps with general optimism for the economy obviously so both the Dow Jones and the S&P500 rose well straight after the opening bell at 2:30pm UK time – and as you can see from my trading notes yesterday, I took advantage of the rise in the price and had my first long trade trade just before 5pm after I got back home.

After the rise in the value of Gold on Tuesday, we had some profit taking yesterday plus a general downturn due to the U.S. index rise – until the price hit a support level at $1384 when it levelled off and rose slightly.  Interestingly, this particular resistance level goes back to June this year, so it is something to look at in the future as well.  Oil prices had a bit of a down day as well after a week of rises on the back of the Syrian crisis and it may just level off for a while as it would seem that the threat of an attack on Syria this week seems to have dissipated for the time being. There maybe more news on this subject from the G20 meeting that starts today.

I am off for a cycle ride along the river bank now, then back here to answer some emails and have a look at my charts.

11:50am  ~  I’m back home now and I was going to watch some charts but a friend has just invited me to shooting practice on his farm so I am off for a few hours. I’ll be back at tea-time to do some trading with my “evening” system.

17:15pm  ~  Just switched my charts on a few minutes ago after arriving back home and the S&P500 chart is acting very strangely – so I’ll watch it for a short while and most probably not trade for the evening as there’s just no clear direction, the market seems to be wandering around in a shallow price corridor – no good for trading at all.

19:00pm  ~  I’ve just had another look at the S&P500 chart and there’s no real difference to it’s behaviour from the earlier this afternoon so there will be no trading for me tonight. There are a few possible reasons for this and I will explore them tomorrow morning in an email to my subscribers and also here on this page.