Author: Jim Wyckoff

Thursday, February 28–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Yesterday is the last trading day of the month, which makes it an extra important day from a technical perspective. The U.S....

ENERGIES: April crude oil closed up $0.27 a barrel at$92.90 yesterday. Prices closed near mid-range yesterday and saw tepid short covering. Prices Tuesday hit a two-month low.The crude oil bulls have faded recently and the bears...

Wednesday, February 27–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Traders and investors are still digesting Tuesday’s testimony on the U.S. economy to the Senate by Federal Reserve Chairman...

June U.S. T-Bonds closed up 13/32 at 144 5/32 yesterday. Prices closed nearer the session low yesterday but did hit a fresh five-week high early on yesterday. More short covering and fresh safe-haven demand were seen yesterday...

* LATEST MARKET DEVELOPMENTS * The European Union and its sovereign debt problems are back on the front burner of the market place, again, after a few months’ hiatus. Italian elections that just concluded and failed to...

April gold futures closed up $13.30 an ounce at $1,586.10 yesterday. Prices closed near mid-range yesterday on short covering and bargain hunting after last week’s shellacking. Prices last Thursday hit an 8.5-month low....

* LATEST MARKET DEVELOPMENTS * In overnight news, the International Monetary Fund reported that central banks of Russia, Kazakhstan, Turkey and Azerbaijan added to their official gold stockpiles in January. Russia added nearly...

* LATEST MARKET DEVELOPMENTS * The Dow and S&P 500 stock index futures on Thursday saw significantly technically bearish “key reversals” down confirmed on the daily bar charts for both indexes, following the...

The March Euro currency closed down 102 points at 1.3185 yesterday. Prices closed nearer the session low yesterday and hit a fresh six-week low. The bulls have faded badly this week. The Euro bears now have the slight overall...

April Comex gold futures (GC J3) prices this week hit a fresh 8.5-month low as bears are in full near-term technical command. Traders are still digesting the release Wednesday afternoon of the Federal Reserve’s Open Market...