Trading Diary & Market Update ~ Friday 11th November 2016

07:05am    Early start for me today as I am only in front of my screens this morning ahead of a 4-day trip away – back trading next Wednesday. Any trades I have this morning will be reported below.

Market Update:

The bullish sentiment in the markets following Trump’s election victory is carrying on – the U.S. Dow Jones 30 index hit a new intra-day high at 18,874 and then closed up at 18,808 with banks leading the rise. The wider S&P-500 did not fair as well and oscillated between gains and losses and then eventually closed just 4 points up and the overnight Asian trading session also displayed mixed sentiment although the Australian ASX-200 did close up more than 2% as it heavily weighted towards financials. The worst performer in the region was the Hang Seng Index that ended down 1.42% even though the other main Chinese index (Shanghai Composite) gained 0.78%through the session.

European markets have opened mainly flat and are still looking for some direction even though U.S. equity futures are up slightly.  Gold is still retreating from the $1305 resistance level that it touched last week and investors seem to be shunning safe-haven investments and piling into equities although we could see a cooling of this sentiment as traders adjust their positions ahead of the weekend break.

Trading Diary:

08:50am    Nothing much happening on my collection of favourite charts so I am off for an hour’s  cycle ride.

13:20pm    It’s been a fairly quiet morning on the markets as far as opportunities are concerned although I am now in ‘short’ position on my Brent Crude 15min chart.  It’s a trendFX  strategy-1 pattern and my stop loss is just 15 pips.

14:25pm   I am preparing for my short break away soon so I have closed off my Brent position as it’s reached an acceptable +29 pips.  Back in front of my charts next Wednesday, I hope you have a nice weekend break.

This Week’s Pip Total = 264 pips

This Month’s Pip Total = 412 pips

This entry was posted on Friday, November 11th, 2016 at 7:04 am and is filed under Trading Days. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.