Monday, May 13--Jim Wyckoff's Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, the U.S. dollar has surged on the world foreign exchange market the past couple trading sessions, which in turn has impacted several other markets. There was...
One of the fears about trading options is being hit by an event and the stock moving against you. A 5 contract trade opened at 2.00 can be vaporized in a day on some bad news. $1,000 nearly wiped out. Not easy to recover from that, either. I've...
The market is adjusting and settling in. It seems to like the view from way up there, and why not. It has been a while since the market could rest somewhat peacefully, but keep one eye open ... The world is changing, and changing fast. Just five years...
It's Friday, and Fridays can be tough trading. If you are able to trade successfully early in the session, wrap it up and call it a day. Yesterday saw the four day run of record high closes come to an end in the S&P 500. Even on a down day, the index...
July lean hog futures a buying opportunity on fresh price strength. See on the daily bar chart for July lean hog futures that prices are still in a choppy uptrend from the April low. A bullish head-and-shoulders bottom reversal pattern has also formed...
The Dow over 15,000...the S&P 500 over 1,634...the Nasdaq at highs not seen since the 1990s Tech Boom... Any way you slice it, we're in a bull market. Alas, we've been here before, and it didn't end well. So, is it time to worry? My answer is "no,"...
The greenback is finally back and this time it's returning with a powerful bang. Yesterday's jump in the U.S. dollar index was quite encouraging. One of the currencies that has fallen nearly 25% against the U.S. dollar since November is the yen, after...
U.S. dollar ETF (UUP) price turned systematically bullish (from neutral) on 5/9/13, when it rose above the 50-day SMA. Industrial (XLI) stock sector Relative Strength Ratio (XLI/SPY) turned systematically bullish (from neutral) on 5/9/13 when it crossed...
When does this train stop, or even slow down? While many have been amazed at the stamina and breathtaking rise of markets there are many who continue to sit on the side lamenting the worries of others. Some 'curse' the market performance, scornful and...
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...