07:25am UK time   No trading again for me today as I am spending all day in London visiting some old friends at various spread betting companies.

On the markets yesterday the main U.S. indices had a largely negative day hitting their short term resistance levels and forming reversal candle patterns, so we may see further falls today. Some of the bearish sentiment was blamed on rising crude oil prices although today’s inventories numbers may reverse the climb that’s been occurring for the past month or so. Here in Europe the Greek problem trundles on but the main indices were mainly unaffected by that and the ZEW investor confidence survey that came in surprisingly low compared with previous months.

Here in the UK supermarket giant Tesco has just announced a pre-tax loss of £6.3billion, one of the biggest in British corporate history although a lot of that was ‘accountants shuffling’ as they got their red pens out and wrote down various assets – the actual operating profit came in at £1.4billion which is probably what analysts will concentrate on.

The oil market looks like continuing the move up as U.S. WTI Crude has busted loose from its recent resistance level at $54.30 and it seems as though that it has now turned into a support level as often happens so watch out fo rfurhter bullish trading opportunities although wait for today’s U.S. stock situation at Cushing’s storage facitility before getting into the market!

Market Close Tuesday 21st April 2015:   Dow Jones 30  -85.34 @ 17,949.59  S&P 500  -3.11 @ 2,079.29  NASDAQ  +18.58 @ 4,435.98  FTSE 100  +10.80 @ 7,062.93  UK AIM  +1.89 @ 750.94  DAX 30  +47.67 @ 11,939.58  CAC 40  +5.05 @ 5,192.64  IBEX   +37.70 @ 11,422.30   Nikkei 225 (Today)  +181.28 @ 20,090.37  Hang Seng (currently)  +112.06 @ 27,962.55