Trading Diary & Market Update ~ Friday 28th February 2014

09:05am (WET)  ~  Broadband seems to be ok this morning so I’m going to do an hour or so of emails before a cycle ride out up into the mountains and then lunch with a neighbour of James’s.

Another record finish in the US last night saw the S&P500 close above the 1,850 level for the first time in five attempts yesterday, but interestingly the Dow Jones remains well shy of its record highs suggesting a little divergence and uncertainty amongst US investors, with the Dow lower for the year, while the S&P is in positive territory – perhaps it shows that the top 30 companies in the U.S. are fairing less well than the main 500 ?  Janet Yellen’s comments yesterday regarding thoughts that the bad weather probably affected the economy more than initially believed gave a boost to U.S. indices and traders seemed to shrug off the bad news of continuing East European military manoeuvres.  The daily Gold chart formed a spinning top right on a short-term support line on my charts yesterday so any move above $1337 may indicate a march up to $1360 in the short term – keep an eye out for long trade opportunities today.

11:10am  ~  Not much happening on my charts this morning – time for some exercise I believe……..

14:55pm  ~  We are back from lunch, and this afternoon is going to be spent writing some more of my Long-Term Trading manual – I was hoping it would be completed today but I fear it still needs a few more days work.

21:10pm  ~  Once again there’s been issues with the broadband and electricity supply this evening so there’s been no trading for me. As I write this we’ve just had another 5 second lights-off moment so there’s another power cut arriving imminently.  I shall miss all this when I’m back in the UK on Tuesday !

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