Author: Jim Wyckoff

Wednesday, October 9–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The big news overnight is President Obama said he plans to nominate Federal Reserve Vice Chair Janet Yellen to the top spot of...

December U.S. T-Bonds closed up 13/32 at 133 12/32 Monday. Prices closed near mid-range Monday and are hovering near a 2.5-month high. Bond market bears still have the overall near-term technical advantage. The next downside...

Tuesday, October 8–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The partial U.S. government shutdown drags on and is in its eighth day with still no serious movement from either Democrats or...

Monday, October 7–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Asian and European markets were mostly weaker overnight, with U.S. stock indexes solidly lower in early electronic trading Monday, as the...

GRAINS December corn futures closed up 3/4 cent at $4.40 Thursday. Prices closed near mid-range and are still hovering near this week’s three-year low. A lack of information coming from USDA is an uncertainty in the grain...

* LATEST MARKET DEVELOPMENTS * Asian and European markets were weaker in a subdued atmosphere Friday, as the partial U.S. government shutdown enters its fourth day with no end in sight. There is growing anxiety in the world...

LIVESTOCK: December live cattle closed down $0.07 at $131.82 Wednesday. Prices closed nearer the session low. More mild profit taking was seen after prices last Friday hit a 6.5-month high. The U.S. government partial closure...

Thursday, October 3–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The partial U.S. government shutdown is in its third day with little to no signs lawmakers’ federal budget impasse will end soon....

METALS: December gold futures closed down $37.70 an ounce at $1,288.80. Prices closed nearer the session low Tuesday and hit a fresh seven-week low. Bears gained fresh downside near-term technical momentum Tuesday. A...

Wednesday, October 2–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is greeting the partial U.S. government shutdown with some mild anxiety but certainly not panic. Asian and European...