Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * With the U.S. fiscal cliff matter now at least temporarily out of the market place spotlight, focus turns to other issues. There is a heavy slate of U.S. economic data due for release Thursday,...

February live cattle closed up $0.15 at $132.45 yesterday. Prices closed near mid-range yesterday. More profit taking was seen yesterday and no serious chart damage has occurred recently. However, the bulls have faded a bit and...

* LATEST MARKET DEVELOPMENTS * Asian, European and U.S. stock markets were cheered overnight by U.S. lawmakers coming to agreement on the fiscal cliff matting that had been overhanging the market place for weeks. U.S. lawmakers...

February crude oil closed up $0.89 a barrel at $91.69 yesterday. Prices closed nearer the session high, hit a fresh nine-week high and scored a bullish “outside day” up on the daily bar chart yesterday. The bulls...

* LATEST MARKET DEVELOPMENTS * Markets were quieter overnight, on this last trading day of the year, and ahead of the New Year’s Day holiday on Tuesday. Most U.S. markets close early Monday. U.S. and European stock markets...

* LATEST MARKET DEVELOPMENTS * Investors and traders continue to worry about the U.S. fiscal cliff negotiations that have stalled and now with only a few days left for U.S. lawmakers to reach a deal. Lawmakers have until January...

February crude oil closed down $0.05 a barrel at $90.93 yesterday. Prices closed nearer the session high and did poke to a fresh nine-week high yesterday. The strong gains Wednesday have given the bulls fresh upside near-term...

* LATEST MARKET DEVELOPMENTS * Many traders and investors are on the sidelines this week, enjoying the holiday season. That makes for thin market conditions. Investors and traders continue to worry about the U.S. fiscal cliff...

February gold closed higher due to short covering on Wednesday as it consolidated some of this month’s decline. The high-range close sets the stage for a steady to higher opening when Thursday’s night session begins...

Wednesday, December 26–Jim Wyckoff’s Morning Web Log Note: I was out of the office this morning. My friend and fellow analyst/trader Ken Seehusen produced my morning report. Ken’s style is a bit different than...