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The market is deciding something; it is thinking about what to do; it is torn - should it continue to believe in the economic future or should it believe that the momentum is not real, that the bubble will burst, as the doomsayers are screaming? This...
The market finished with a negative flourish yesterday, no doubt, and I must admit that the 230-point swing in the Dow made me stop and think, since I said this yesterday. The finish today will tell us more about the conviction and buying power of the...
After a long rally in the S&P Large Cap Index, we are currently beginning the correction phase. Once the 1,600 level was taken out, it seemed like the price was going to reach 1,700 points very quickly after hitting an all-time high of 1687 on...
In volatility we haven't seen since the Fukushima disaster, Japanese shares dropped by 7% on Thursday before bouncing off of those lows later in the day. Ouch! The ostensible cause? Fed Chairman Ben Bernanke indicated that QE Infinity might--just...
July cotton futures a selling opportunity on more price weakness. See on the daily bar chart for July cotton that bulls have faded recently and the bears now have the near-term technical advantage. Prices are in a solid downtrend and have just hit a...
If you've been following me for some time you know that I am an active trader, and in this market there are so many opportunities opening up each and every day. While the right side (mostly) of the trade this year for me has been long calls, short...
AAII Sentiment shows that individual investors are significantly more bullish than bearish. As of 5/23/13, there are 48.97% bulls, 29.45% neutral, and 21.58% bears. This was the lowest percentage of bears in more than a year, since 2/9/12. Investors...
Friday, May 24--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * Trading was quieter in overnight action around the world. The three-day U.S. Memorial Day holiday weekend could make for a calmer U.S. session, too. In overnight news, the Euro...
June U.S. T-Bonds closed up 4/32 at 142 31/32 yesterday. Prices closed nearer the session low yesterday and hit another fresh two-month low early on. Short covering in a bear market was featured. Bond market bears still have the near-term technical...
The market finished with a negative flourish yesterday, no doubt, and I must admit that the 230-point swing in the Dow made me stop and think, since I said this yesterday. The finish today will tell us more about the conviction and buying power of the...