Catching up:
So today was the first day in the past 3 weeks I was able to sit in front of my monitors without some sort of interruption. Lunches, dinners, city and country relocation, and finally moving into a new apartment have kept me far too busy to trade, and frankly I wasn’t missing much looking back at the charts. So exactly what was I looking at in this time then? Let’s see the highlights.

S&P: The wedge caught my eye more than anything else. I’m not a big fan of trading this formation as I simply don’t see it often enough. There are other signals wrapped up within it however, so if we simply observe it as a support/resistance line there are opportunities to trade. The failed breakout of the wedge that gave another resistance level for the lower channel is another bullish sign for the S&P.

The Dow 10,000 resistance could hold the S&P down for a while but our nice channeling up continues for now.

The USD index is also on my watch list when I only have time to overview what happened for the day. Larger range days and steady trends show where the trading opportunities tended to be intraday. With a small congested region in play the past few weeks a quick glance tells there were few great trading opportunities. The daily reversals (red, green, red, green) tend to wipe out the stops before any moves can really get underway. It goes without saying that trades against the USD are the better option.

Another chart I observe from time to time is the Baltic Dry Index (BDI) thanks to Colin Twiggs and his informative service at Incredible Charts. While I don’t use this to trade at all, the breakout to the upside of the channel shows demand for shipping is picking up again, which in general shows a healthier global economy is on the way. The more demand for shipping goods around the globe, the more production and consumption there is too support it.

With all that in hand I’m ready to settle into some interruption free trading again, and I’m especially looking forward to rolling out the dusted off and revised mid term equity system I’ve been polishing the past few weeks.

Trade wise in the past 3 weeks I had no stops hit, and entered no new trades on the longer term systems. Plenty of sideways action though and now a surge is moving through my trades that should allow some stops to be moved towards break even soon. The new mid term equities system should fill the hole left by the maxed out heat on the long term system moving forward.

FX Market:
As for Wednesday, no trades in a fairly congested market.

Commodities:
No new trades, but the Commodities Index continues to press up with the strong run in Energy, Metals and Grains at the moment.

Trade Execution:
FX        : x/10

Results Summary:
FX        : R

Observations:

Tasks:
Backup ISP is blocking one of my broker App’s again, time to annoy them until they fix it.

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