Author: Jim Wyckoff

Thursday, June 27–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is a bit calmer Thursday morning. Wednesday’s weaker-than-expected final revision to U.S. first-quarter gross domestic...

LIVESTOCK: August live cattle closed up $1.05 at $122.17 yesterday. Prices closed nearer the session high yesterday and hit a fresh seven-week high. Prices late last week saw a bullish upside “breakout” from a trading range at...

Wednesday, June 26–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Gold prices sank to a nearly three-year low in overnight trading. The yellow metal has seen weak-handed long liquidation and technical...

CURRENCIES The September Euro currency closed down 35 points at 1.3095 today. Prices closed nearer the session low today and closed at a fresh three-week low close. Bears have the overall near-term technical advantage. Euro...

Tuesday, June 25–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * There is a bit more risk appetite in the world market place Tuesday. China central bank officials reportedly said Tuesday that the cash...

ENERGY MARKETS August crude oil posted an upside reversal on Monday due to short covering as it consolidated some of week’s decline. The high-range close sets the stage for a steady to higher opening when Tuesday’s night session...

Monday, June 24–Jim Wyckoff’s Morning Web Log Note: I am out of the office this morning. My friend and fellow analyst/trader Ken Seehusen produced some of my morning report. Ken’s style is a bit different than...

Friday, June 21–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is a bit calmer as trader attention moves to the U.S. stock market opening Friday morning. Asian stocks followed Wall...

METALS: August gold futures closed down $86.10 an ounce at $1,287.80 today. Prices closed near the session low and careened to a fresh 2.5-year low, producing fresh, major chart damage to suggest another leg down in prices in...