* LATEST MARKET DEVELOPMENTS * In overnight news, the much-anticipated Chinese manufacturing data came out better than expected. The purchasing managers index rose to 50.2 in October from 49.0 in September. This is leading to...
Read MoreDecember live cattle closed down $0.27 at $125.92 yesterday. Prices closed near mid-range yesterday on a mild corrective pullback from this week’s gains. The key “outside markets were mildly bullish for cattle...
Read More* LATEST MARKET DEVELOPMENTS * The New York exchanges are set to reopen today, which should make for a much more active trading day, especially as Wednesday is also the last trading day of the month. European stocks markets were...
Read MoreMarch sugar closed up 20 points at 19.61 cents yesterday. Prices closed nearer the session high on more short covering in a bear market after hitting an 8.5-month low on Monday. The key “outside markets” were bullish...
Read MoreTuesday, October 30–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Once again, the market place is in a subdued mood given the closure of the New York Stock Exchange and other New York markets, due to...
Read MoreDecember corn futures were down 1 1/4 cents at 7.36 3/4 in late trading yesterday. Prices were near mid-range. The key “outside markets” were bearish for corn as the U.S. dollar index was higher and crude oil prices...
Read More* LATEST MARKET DEVELOPMENTS * The main news event in the market place to start the new trading week is Hurricane Sandy that is poised to lash the U.S. eastern coast. The New York Stock Exchange and New York futures exchanges...
Read MoreFriday, October 26–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * (Note: I was out of the office Wednesday and Thursday, speaking at a precious metals investment symposium in New Orleans. I know I have...
Read MorePRECIOUS METALS December gold closed higher due to short covering on Thursday as it consolidates some of this month’s decline. The high-range close sets the stage for a steady to higher opening when Friday’s night...
Read MoreThursday, Oct. 25–Jim Wyckoff’s Morning Web LogNote: I am out of the office today. My friend and fellow analyst/trader Ken Seehusen is producing my morning report. Ken’s style is a bit different than mine, but...
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