TraderBlog

CURRENCIES

The December U.S. dollar index is steady in early trading, following solid losses late last week. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at 85.60 and then at 86.00. Shorter-term support is seen at Friday’s low of 85.22 and then at 85.00. Wyckoff’s Intra Day Market Rating: 3.0

The December Euro is slightly lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at 1.2725 and then more stops just below support at 1.2692. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2769 and then at Friday’s high of 1.2784. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff’s Intra Day Market Rating: 6.0

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Monday, October 30–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

The feature in overnight/early morning trading today is solidly lower crude oil prices. Stock indexes are weaker and Treasuries are slightly higher. The U.S. dollar is slightly higher today.

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CURRENCIES

The December U.S. dollar index is steady in early trading. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at the overnight high of 85.88 and then at 86.00. Shorter-term support is seen at Thursday’s low of 85.61 and then at 85.50. Wyckoff’s Intra Day Market Rating: 3.0

The December Euro is slightly lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.2697 and then more stops just below support at 1.2650. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2747 and then at 1.2800. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff’s Intra Day Market Rating: 7.0

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Friday, October 27–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 slightly lower and Treasuries are slightly higher. The U.S. dollar is slightly higher today and crude oil is slightly higher. Traders were awaiting this morning’s GDP report.

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CURRENCIES

The December U.S. dollar index is lower in early trading. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at the overnight high of 86.17 and then at 86.52. Shorter-term support is seen at the overnight low of 85.88 and then at 85.50. Wyckoff’s Intra Day Market Rating: 3.5

The December Euro is higher in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.2640 and then more stops just below support at 1.2600. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2705 and then at 1.2750. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff’s Intra Day Market Rating: 6.5

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Thursday, October 26–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

The feature in overnight/early morning trading today is firmer stock indexes and Treasuries. The U.S. dollar is slightly lower today and crude oil is weaker.

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CURRENCIES

The December U.S. dollar index is weaker in early trading. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the overnight high of 86.52 and then at this week’s high of 86.72. Shorter-term support is seen at the overnight low of 86.29 and then at 86.00. Wyckoff’s Intra Day Market Rating: 5.5

The December Euro is firmer in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.2590 and then more stops just below support at this week’s low of 1.2562. Shorter-term technical resistance for the Euro is seen at 1.2600 and then at this week’s high of 1.2658. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 4.5

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Wednesday, October 25–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

NOTE: I want to make my blog reports as useful as possible to you, my valued reader. Please email me at jim@jimwyckoff.com if you have any suggestions on how to make my blog reports even more valuable to you. Thanks.–Jim

There was no real feature in overnight/early morning trading today. Treasuries are weaker and stock indexes are firmer. The U.S. dollar is slightly lower today and crude oil is firmer.

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CURRENCIES

The December U.S. dollar index is firmer in early trading. Bulls are regaining upside technical momentum. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the overnight high of 86.72 and then at 86.90. Shorter-term support is seen at the overnight low of 86.55 and then at 86.25. Wyckoff’s Intra Day Market Rating: 7.0

The December Euro is slightly lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.2562 and then more stops just below support at 1.2550. Shorter-term technical resistance for the Euro is seen at 1.2600 and then at Monday’s high of 1.2658. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 3.5

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Tuesday, October 24–Jim Wyckoff’s Early Morning Web Log

OVERNIGHT/EARLY MORNING DEVELOPMENTS

The features in overnight/early morning trading today are lower Treasuries and stock indexes. The U.S. dollar is higher today and crude oil is weaker.

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