Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * In overnight trading, Asian and European stock markets followed the U.S. stock market higher Wednesday, despite some more downbeat economic data from the European Union and China. The EU’s producer...

* LATEST MARKET DEVELOPMENTS * Monday was an extraordinary trading day in the markets. It was the last trading day of the month, of the quarter and of the first half of the year. That made it an extra important trading day from...

* LATEST MARKET DEVELOPMENTS * Monday is the last trading day of the month, of the quarter and of the first half of the year. That makes it an extra important trading day from a technical perspective. It is technically...

* LATEST MARKET DEVELOPMENTS * In overnight news, there was more dour economic news coming out of the European Union Friday. The European Commission’s Economic Sentiment Indicator came in at 102.0 in June from 102.6 in May....

* LATEST MARKET DEVELOPMENTS * It was another relatively quiet trading affair overseas overnight. A two-day European Union summit begins Thursday. On the agenda is the potential for additional sanctions the EU could slap on...

* LATEST MARKET DEVELOPMENTS * There were no major developments on the world market place overnight. The civil war in Iraq remains an important market element. Some risk aversion in the market place is still supportive for gold...

ENERGIES: August Nymex crude oil closed down $0.74 at $106.09 today. Prices closed nearer the session low today on profit taking after hitting a contract high early on. Trouble in the Middle East is still bullish oil. Crude oil...

* LATEST MARKET DEVELOPMENTS * In overnight world developments, the China HSBC preliminary manufacturing purchasing managers index came in at 50.8 in June versus 49.4 in May. This is the first time the reading has been above...