Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * Economic news out of China overnight showed its services PMI rose to 52.6 in October from 52.4 the previous month. This continues a string of mostly upbeat economic data coming out of China the...

* LATEST MARKET DEVELOPMENTS * The European Stoxx 600 index hit a five-year high overnight on ideas the European Central Bank could ease its monetary policy at Thursday’s meeting, and on upbeat economic data coming out...

ENERGIES December Nymex crude oil closed down $0.45 at $96.32 today. Prices closed nearer the session low today and closed at a fresh four-month low close and a bearish monthly low close. Crude oil bears have the overall...

* LATEST MARKET DEVELOPMENTS * A feature in the market place late this week has been the stronger U.S. dollar index and weakening Euro currency. The greenback got a boost from a more hawkish FOMC statement on Wednesday, while...

December U.S. T-Bonds closed down 14/32 at 134 26/32 today. Prices closed nearer the session low and scored a bearish “outside day” down on the daily bar chart. A mildly bearish FOMC statement helped to pressure...

Thursday, October 31–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * After digesting Wednesday’s statement from the U.S. Federal Reserve’s Open Market Committee, many traders and investors...

* LATEST MARKET DEVELOPMENTS * Today is the day the market place gets the results of the U.S. Federal Reserve’s Open Market Committee meeting, which began Tuesday morning and ends Wednesday at midday. There will be no...

METALS: December gold futures closed up $1.00 an ounce at $1,353.60. Prices closed near mid-range Monday and hit a fresh five-week high. The firmer U.S. dollar index Monday did somewhat limit buying interest in gold. Chart...

Tuesday, October 29–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It is a quieter trading week so far as traders and investors are awaiting the results of the U.S. Federal Reserve’s Open Market...

Monday, October 28–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It was a quieter overnight trade Monday, amid a lack of major economic data issued overseas and as traders and investors are looking...