On Demand

JimWyckoff's Commentaries

Showing Posts 1 - 15 out of 1000 found.

Markets Mostly Subdued Early Friday, But That Could Change

* Latest Market Developments * The market place is at least temporarily a bit more at ease early Friday, despite rising tensions in the Russia-Ukraine confrontation.  As fighting continues in Eastern Ukraine, Russian president Vladimir Putin has denied his troops are involved in the matter, despite NATO satellite photos that suggest otherwise. The Russian ruble currency fell to a record low...

Continue Reading

Livestock Market Bears in Control

LIVESTOCK: October live cattle closed down $0.37 at 147.87 Wednesday. Prices closed near mid-range in quieter trading. Bears still have the slight overall near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart, but now just barely. Bulls’ next upside price objective is to push and close prices above solid resistance at last week’s high of $149.37. The...

Continue Reading

Keener Risk Aversion in Market Place Thursday

* Latest Market Developments * It’s a “risk-off” day in the market place Thursday following reports the Ukrainian president said the Russian military has invaded his country and is occupying eastern Ukraine towns and villages. There is reportedly ongoing fighting between the Russian and Ukraine armies. A Russian official denied that Russian troops are in eastern Ukraine.Gold, U.S. Treasuries...

Continue Reading

Energy Market Bulls Continue to Struggle

ENERGIES: October Nymex crude oil closed up $0.51 at $93.86 today. Prices closed near mid-range on short covering in a bear market. Crude oil bears still have the firm near-term technical advantage. Prices are in a steep two-month-old downtrend on the daily bar chart. The next near-term upside price breakout objective for the crude oil bulls is producing a close above solid chart resistance...

Continue Reading

European Bond Yields at Record Lows Wednesday

* Latest Market Developments * The market place was again quieter overnight and could remain subdued the rest of this week, ahead of the unofficial end of summer that comes with the approaching U.S. Labor Day holiday weekend. The feature in the market place this week has been the move to record highs in the major U.S. stock indexes. The major and very mature bull market run in the stock...

Continue Reading

Gold and Silver Bears in Technical Control

METALS: December gold futures closed down $0.90 an ounce at $1,279.30 today in quieter trading. Prices closed nearer the session high. Gold bears have the overall near-term technical advantage as a seven six-week-old downtrend is in place on the daily bar chart. The gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,300.00....

Continue Reading

Two Themes in Quieter Market Place this Week

* Latest Market Developments * The market place was quieter overnight and could remain subdued the rest of this week, ahead of the unofficial end of summer that comes with the approaching U.S. Labor Day holiday weekend. One underlying theme early this week is the rallying U.S. dollar index and slumping Euro currency. The comments from European Central Bank president Mario Draghi late last...

Continue Reading

U.S. Dollar Bulls Flexing their Muscles

* Latest Market Developments * The U.S. dollar index hit an 11-month high and the Euro currency sunk to an 11-month low overnight, following remarks from European Central Bank president Mario Draghi, who on Friday in Jackson Hole, Wyoming, sounded very dovish commentary on ECB monetary policy. Draghi’s comments suggest the ECB will initiate further monetary stimulus measures, including...

Continue Reading

Grain Market Bears in Technical Control

GRAINS: December corn futures closed up 2 1/4 cents at $3.69 3/4 Thursday. Prices closed near mid-range and saw tepid short covering in a bear market. The corn market bears are still in overall technical control. This market still could be “basing” at lower price levels that still could mark a low. Corn bulls' next upside price objective is to push and close prices above solid technical...

Continue Reading

Fed Symposium in Wyoming at Center Stage Friday

*Latest Market Developments* News reports as of this writing said a large convoy of Russian aid trucks has just crossed the border into Ukraine Friday. The reports said Ukraine officials are calling the convoy an invasion. This has spooked the market place a bit as U.S. trading gets under way. Gold, U.S. Treasuries and the U.S. dollar have rallied early Friday, while the U.S. stock indexes...

Continue Reading

Livestock Market Bears in Control

LIVESTOCK: October live cattle closed down $1.70 at 145.52 Wednesday. Prices closed near mid-range and hit a 2.5-month low today. Bears have the near-term technical advantage as today’s price action produced a downside “breakout” from a bear flag pattern on the daily bar chart. Bulls’ next upside price objective is to push and close prices above solid resistance at $150.00. The next downside...

Continue Reading

U.S. Federal Reserve in Focus Thursday

* Latest Market Development * The market place is still digesting Wednesday afternoon’s FOMC minutes report. The Fed officials’ wording that the U.S. labor situation continues to improve fell into the camp of monetary policy hawks, as it hinted the U.S. central bank could move to raise interest rates a bit sooner than many had expected. The FOMC minutes pressured U.S. Treasury and gold...

Continue Reading

Gold Bulls, Bears Fight for Technical Control

METALS: December gold futures closed down $1.90 an ounce at $1,297.30 today. Prices closed nearer the session low and were again pressured by better risk appetite in the market place and by a stronger U.S. dollar index. Gold bulls and bears are still on a level overall near-term technical playing field but the bulls are fading. The gold bulls’ next upside near-term price breakout objective...

Continue Reading

FOMC Minutes on Tap Wednesday P.M.

* Latest Market Developments * The Federal Reserve’s FOMC minutes’ release on Wednesday afternoon is the economic report highlight of the day. As usual, the report will be parsed and will be closely scrutinized for clues on future U.S. monetary policy direction. A main question among many market watchers is specifically when the Fed will implement its first interest rate rise in many years....

Continue Reading

U.S. Treasuries Bulls are in Technical Command

December U.S. T-Bonds closed down 29/32 at 138 22/32 today. Prices closed near the session low on profit taking. The bulls have the solid overall near-term technical advantage. Prices are in a six-week-old uptrend on the daily bar chart. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 138 even. The next upside technical...

Continue Reading
    1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9    
Membership is Free. Join Now in less than 5 seconds! Alternatively Join or Sign In here.