Author: Jim Wyckoff

Friday, January 18–Jim Wyckoff’s Morning Web Log Note: I am out of the office this morning. My friend and fellow analyst/trader Ken Seehusen produced most of my morning report. Ken’s style is a bit different...

February hogs closed up $0.80 at $85.95. February hogs closed higher on Thursday as it extended this week’s rally. The high-range close sets the stage for a steady to higher opening when Friday’s night session begins...

* LATEST MARKET DEVELOPMENTS * Markets were generally quiet in overnight trading. There was fresh, weak data coming out of the European Union, as construction output declined by 0.4% in November, for an annual drop of 4.7%. The...

March sugar closed down 10 points at 18.52 cents yesterday. Prices closed near mid-range yesterday and hit a fresh four-week low. Sugar bears have the solid overall near-term technical advantage. Bulls’ next upside price...

* LATEST MARKET DEVELOPMENTS * In overnight news, U.S., European and Asian stocks were weaker and the Euro currency was firmer. U.S. corporate earnings reports are presently in the world spotlight. Also, European auto...

March corn futures last traded up 5 cents at $7.29 yesterday in late trading. Prices were near mid-range and hit another fresh four-week high yesterday. Bulls have gained good upside near-term technical momentum recently. There...

* LATEST MARKET DEVELOPMENTS * European and U.S. stock markets were pressured a bit overnight on a warning from the U.S. Treasury Secretary Geithner that the U.S. cannot skirt its debt ceiling, while the Fitch credit rating...

February gold futures closed up $7.90 an ounce at $1,668.50 yesterday. Prices closed near mid-range yesterday and were supported by short covering and bargain hunting. The gold bears still have the slight overall near-term...

* LATEST MARKET DEVELOPMENTS * Most commodity markets, including the precious metals, are trading higher early Monday. Investor risk appetite has modestly improved to start the new year, which has been a bullish underlying...

* LATEST MARKET DEVELOPMENTS * In overnight news, China’s consumer price inflation was reported at up 2.5% in December, on an annualized basis–up significantly from the 2.0% reading in November. That news is just a...