Asian Stock Markets Move into Bear Territory
Thursday, October 25–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mixed to lower overnight, following the strong losses in U.S. stock indexes Wednesday that put those indexes into negative territory for this year. Asian stock markets were mostly lower overnight. China’s and South Korea’s stock markets are now in bear market territory, […]
World Markets Calm Down a Bit at Midweek
Wednesday, October 24–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mixed to firmer overnight, rebounding from solid losses Tuesday, as risk aversion is a bit less today than it was on Tuesday. U.S. stock indexes are pointed toward lower openings when the New York day session begins. The S&P 500 stock index […]
Keen Risk Aversion Back in the World Marketplace Tuesday
Tuesday, October 23–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mostly lower overnight as risk aversion has returned to the marketplace amid geopolitical tensions. China’s stock indexes were sharply down after good gains posted Monday. South Korea’s and Japan’s stock markets were also sharply lower. U.S. stock indexes are pointed toward lower […]
World Stock Markets Rally, Led by Big Gains in China Shares
Monday, October 22–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mostly firmer overnight. Asian shares gained overnight, led by China’s stock market rallying more than 4% as Chinese economic officials said they are prepared to stimulate the economy, including cutting personal taxes. European stock markets were also up, but worries remain regarding […]
World Stock Markets Firmer, But Uncertain Weekend Looms
Friday, October 19–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mostly firmer overnight. China’s stock market rallied after the Chinese government pledged to keep its economy on track and expressed confidence in future growth. This comes after the Chinese stock market dropped to a multi-year low Thursday and the Chinese yuan dropped […]
World Stock Markets Mixed; Nymex Crude Drops Below $70.00 a Barrel
Thursday, October 18–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mixed overnight, with European stock indexes mostly firmer and Asian indexes mostly lower. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Traders and investors are awaiting the results of a Turkish investigation into the disappearance […]
World Stock Markets Mixed; FOMC Minutes On Deck Today
Wednesday, October 17–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mixed overnight. U.S. stock indexes are pointed toward weaker openings when the New York day session begins, on corrective pullbacks from Tuesday’s strong gains that began to repair the recent serious chart damage. Daily volatility is still elevated compared to recent weeks […]
World Marketplace Calmer Tuesday, Ahead of U.S. Markets Openings
Tuesday, October 16–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mixed overnight, with European stocks mostly up and Asian stocks mostly down. U.S. stock indexes are pointed toward firmer openings when the New York day session begins. European shares were lifted today by reports the new Italian government is more or less […]
Still Some Risk Aversion in World Marketplace to Start Trading Week
Monday, October 15–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mostly lower overnight. U.S. stock indexes are pointed toward lower openings when the New York day session begins. There is still risk aversion in the marketplace after last week’s high volatility in the world stock markets, led by the U.S. stock indexers […]
Stock Markets Rebound Overnight, But Keep Your Seatbelts Buckled Friday
Friday, October 12–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mostly firmer overnight on corrective bounces from this week’s strong selling pressure. U.S. stock indexes are pointed toward solidly higher openings when the New York day session begins. However, keep your seatbelts buckled today because volatility is likely to remain high on […]
