Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * The feature in overnight trading was a stock market sell-off in Asia and Europe, led by Japan’s Nikkei stock index being down over 4%. Some very weak U.S. manufacturing data Monday pushed the...

* LATEST MARKET DEVELOPMENTS * There are still some strains on a few of the emerging market currencies to begin the trading week. The past two weeks have seen keener risk aversion in the market place, as traders and investors...

CURRENCIES The March Dollar closed higher on Thursday and above the 20-day moving average crossing at 80.93 confirming that a low has been posted. The high-range close sets the stage for a steady to higher opening when...

NOTE: I am out of the office today. My friend and fellow market analyst Ken Seehusen produced my report.—Jim The STOCK INDEXES: The March NASDAQ 100 was lower overnight as it extends this week’s trading range....

 ENERGIES: March Nymex crude oil closed up $1.71 at $97.43 today. Prices closed nearer the session high today and the bulls regained upside technical momentum. Crude oil bulls are now back in near-term technical control....

* LATEST MARKET DEVELOPMENTS * The major overnight news comes from Turkey, as its central bank raised its key lending rate sharply, up to 12%, to try to stave off the deflating Turkish lira. It remains to be seen if the move by...

METALS: April gold futures closed down $5.30 an ounce at $1,258.60 today. Prices closed near the session low after hitting a nine-week high early on today. Some corrective chart consolidation was featured after recent price...

* LATEST MARKET DEVELOPMENTS * World stock and financial markets have stabilized Tuesday amid worries about some non-major world currencies being stressed. Recent weaker Chinese economic data and concern about the U.S. Federal...

* LATEST MARKET DEVELOPMENTS * There is some anxiety in the market place Monday, as some emerging market currencies are stressed, including the Argentine peso, the South African rand and Turkish lira. The beneficiaries of the...

* LATEST MARKET DEVELOPMENTS * For the first time in quite a while, it’s a “risk-off” trading and investing atmosphere in the market place Friday. The feature late this week is the sell-off in the U.S. stock...