Author: Jim Wyckoff

Monday, March 25–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In an 11th-hour agreement early Monday morning, European Union finance ministers, the International Monetary Fund and the Cyprus...

Friday, March 22–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The Cyprus financial crisis continues to fester and the market place remains uneasy about it. Russia had indicated it could bail out...

METALS: April gold futures closed up $7.00 an ounce at $1,614.50 yesterday. Prices closed nearer the session high and hit a fresh three-week high yesterday on safe-haven and fresh speculative buying. The gold bears still have...

Thursday, March 21–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The Cyprus financial crisis has still not been resolved and banks there are closed until next week. This is a messy situation, as Russia...

June U.S. T-Bonds closed down 22/32 at 142 29/32 yesterday. Prices closed nearer the session low yesterday. Trading has turned choppy this week. Bond market bears have the overall near-term technical advantage. The next downside...

GRAINS May Corn closed up 8-cents at 7.28 1/2. May corn closed higher on Tuesday and above the August-February downtrend line crossing near 7.24 1/2. Multiple closes above this key downtrend line would confirm that a short-term...

Tuesday, March 19–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, markets were still jittery ahead of Tuesday’s scheduled vote by the Cyprus parliament on the controversial...

June U.S. T-Bonds closed up 27/32 at 142 23/32 yesterday. Prices closed nearer the session low yesterday and were supported by fresh safe-haven demand amid a flare-up in the EU debt crisis. Bond market bears still have the...

Monday, March 18–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * There has been a new twist to the European Union sovereign debt crisis. Cyprus is in the spotlight to start the new trading week. It...