Friday, May 10--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the surge in the U.S. dollar against the other major world currencies, which started in late trading Thursday and continued into Friday, has caught the...
ENERGIES: June Nymex crude oil closed down $0.61 at $96.01 yesterday. Prices closed near mid-range yesterday and were pressured by a stronger U.S. dollar index. Crude bulls still have the near-term technical advantage. Prices are in a steep...
Money management is important not only with regards to personal finances or businesses, but it also is important with in regards to stock and forex trading. It is very common for the traders to lose money while trading stocks, forex, gold or even real...
The market appears to be resting today. Who can blame it for taking a breather. After all, the last seven months have been a grueling uphill climb and it has taken a drubbing from the breathless media for making the climb. And now that the market is at...
For some reason lately I have had a number of discussions with people who a trying to decide if they should quit their jobs and trade for a living. One gentleman I spoke to last week had been trading part-time for a number of years and was dying to leave...
There is quite the buzz, a true "hullabaloo" if you will over 3D Systems Corp. (DDD). News, investors, speculators are really creating a frenzy over 3D printing. It's even on talk radio that I listen to from time to time in the mornings. Truthfully, I...
September Australian dollar futures a selling opportunity on more price weakness. See on the daily bar chart for the September Aussie dollar futures that prices are in a steep downtrend and have this week hit a two-month low. The bears have downside...
Chinese imports of gold through Hong Kong surged to a record 223.52 tonnes in March. That's a 130% increase over the 97.1 tonnes imported in February. April demand is widely anticipated to exceed March's record total. Year to date through March, Chinese...
When price is very near a moving average, a crossover is more likely with only a small price movement. Agriculture, PowerShares DB Agriculture Fund ETF (DBA) price turned systematically bearish (from neutral) again on 5/8/13 when price whipsawed back...
Thursday, May 9--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, China reported its producer price index dropped more than expected in April, which suggests slowing production in China. Meantime, China also reported its...