Author: Jim Wyckoff

Wednesday, July 24–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * China manufacturing data came in weaker than expected Wednesday. The preliminary HSBC China purchasing managers’ index fell to...

CURRENCIES: The September Euro currency closed up 34 points at 1.3225 yesterday. Prices closed nearer the session high and hit another fresh four-week high yesterday. Bulls have the slight near-term technical advantage. Euro...

Tuesday, July 23–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It’s another quiet, summertime day in the market place as U.S. trading is set to get under way. Overnight, Asian stock markets were...

September U.S. T-Bonds closed up 2/32 at 135 19/32 yesterday. Prices closed nearer the session low but did hit a two-week high early on. Bond market bears still have the solid overall near-term technical advantage. Prices are in...

Monday, July 22–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It’s a “risk-on” trading day in the market place early Monday, as the U.S. dollar index is under selling pressure while...

Friday, July 19–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It’s a quieter Friday in the world market place, as there were no major economic reports or fresh geopolitical developments...

ENERGIES: August Nymex crude oil closed up $1.64 at $108.12 yesterday. Prices closed nearer the session high yesterday and hit a fresh 14-month high. Bulls have the solid near-term technical advantage. The next near-term upside...

Thursday, July 18–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is awaiting round two of Fed Chairman Ben Bernanke’s testimony to the U.S. Congress Thursday morning, this time in...

SOFTS: October sugar closed up 8 points at 16.08 cents today. Prices closed near mid-range on tepid short covering in a bear market. Prices Tuesday hit a 2.5-year low. The sugar bears have the solid overall near-term technical...

Wednesday, July 17–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The world market place is on hold ahead of Wednesday morning’s appearance by Federal Reserve Chairman Ben Bernanke before the U.S....