07:45am  ~  More DIY round the cottage this morning plus some Skype calls, although all the electrical work in finished so we’ll have power and internet for the day.  It is cloudy but clear outside today so I’ll be off on a cycle ride in a minute followed by breakfast on a friend’s boat down in the harbour.

The Dow Jones 30 is now at a four-week low and finished last night’s session right on a moving average support line (15720), so we may well see a rebound when bargain hunters are out later on today.  US bond markets appear to be pricing in some probability of possible action next week regarding Fed tapering as the 10 year yield starts to edge back towards last week’s post payroll highs.  Yesterday’s US retail sales data didn’t really offer too much in the way of clues as to what to expect next week, but as we head towards the last full trading week of the year, traders look much less likely to drive markets to new all-time highs while the current uncertainty remains.

Gold continued it’s fall in value from the $1265 resistance level and the next stop downwards seems to be support at $1212. The result of better economic news on both sides of the Atlantic has kept investors out of precious metals and into higher yielding assets.

11:50am  ~  I got back here just before 10 o’clock and I’ve managed to watch a couple of charts very occasionally while repairing some wood panelling but so far there has not been any trade set-ups. I am going out now to Halesworth to do some shopping and have some lunch at the White Hart then we are off straight afterwards to Cromer for a shooting weekend at a friend’s farm.

My trading this week has ended up at +286 pips and so far for December my score is +718 pips