TraderBlog

CURRENCIES

The December U.S. dollar index is higher in early morning dealings. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the September high of 85.82 and then at 86.00. Shorter-term support is seen at 85.50 and then at Thursday’s low of 85.25. Wyckoff’s Intra Day Market Rating: 7.0

The December Euro is lower in early trading. The Euro today finds heavier sell stop orders are likely located just below solid technical support at the September low of 1.2695 and then more sell stops just below support at 1.2650. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2767 and then at 1.2800. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 4.0

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September 29–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

The feature in overnight/early morning trading today is higher stock indexes and bond prices. Crude oil and gold are lower. The U.S. dollar is higher in early trading.

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CURRENCIES

The December U.S. dollar index is near steady in early morning dealings. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at Wednesday’s high of 85.54 and then at the September high of 85.82. Shorter-term support is seen at the overnight low of 85.25 and then at Tuesday’s low of 84.96. Wyckoff’s Intra Day Market Rating: 5.0

The December Euro is slightly higher in early trading. The Euro today finds sell stop orders are likely located just below technical support at this week’s low of 1.2718 and then more sell stops just below solid support at last week’s low of 1.2695. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2788 and then at 1.2800. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 5.0

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September 28–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

There is no real feature in overnight/early morning trading today. Stock indexes are firmer and bond prices are weaker. Crude oil and gold are firmer. The U.S. dollar is near unchanged in early traing.

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CURRENCIES

The December U.S. dollar index is firmer in early morning dealings. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at Tuesday’s high of 85.53 and then at the September high of 85.82. Shorter-term support is seen at 85.25 and then at Tuesday’s low of 84.96. Wyckoff’s Intra Day Market Rating: 6.0

The December Euro is slightly lower in early trading. The Euro today finds sell stop orders are likely located just below technical support at Tuesday’s low of 1.2718 and then more sell stops just below solid support at last week’s low of 1.2695. Shorter-term technical resistance for the Euro is seen at 1.2800 and then at 1.2850. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 4.0

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September 27–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

The real feature in overnight/early morning trading today is firmer stock and bond prices. Crude oil and gold are also higher. The U.S. dollar is slightly higher early today.

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CURRENCIES

The December U.S. dollar index is higher in early morning dealings. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the overnight high of 85.35 and then at 85.50. Shorter-term support is seen at the overnight low of 84.96 and then at 84.80. Wyckoff’s Intra Day Market Rating: 6.0

The December Euro is lower in early trading. The Euro today finds sell stop orders are likely located just below technical support at the overnight low of 1.2741 and then more sell stops just below solid support at 1.2700. Shorter-term technical resistance for the Euro is seen at 1.2800 and then at the overnight high of 1.2820. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 4.0

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September 26–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

There is no real feature in overnight/early morning trading today. Treasuries are weaker and U.S. stock index prices are narrowly mixed. Crude oil and gold are slightly lower. The U.S. dollar is higher early today.

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CURRENCIES

The December U.S. dollar index is firmer in early morning dealings. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at the overnight high of 84.98 and then at 85.25. Shorter-term support is seen at the overnight low of 84.68 and then at last week’s low of 84.56. Wyckoff’s Intra Day Market Rating: 4.0

The December Euro is weaker in early trading. The Euro today finds sell stop orders are likely located just below technical support at the overnight low of 1.2820 and then more sell stops just below solid support at 1.2800. Shorter-term technical resistance for the Euro is seen at 1.2900 and then at 1.2950. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff’s Intra Day Market Rating: 5.0

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September 25–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

The feature in overnight/early morning trading today is firmer Treasury and U.S. stock index prices. Crude oil and gold are lower, with crude below $60. The U.S. dollar is slightly firmer early today.

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