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 […]
World Stock Markets Pounded Thursday, Following U.S. Drubbing Wed.
Thursday, October 11–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were hammered lower overnight, following the U.S. stock-market pounding that took place Wednesday. China’s stock market dropped over 5% and hit a four-year low overnight. U.S. stock indexes are poised for sharply lower openings and will be at three-month lows when the New […]
Traders Awaiting U.S. PPI Report Wed. A.M.
Wednesday, October 10–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mostly lower overnight. U.S. stock indexes are poised for weaker openings when the New York day session begins. The markets appeared to take in stride another admonishment to the Federal Reserve from President Trump. Trump Tuesday afternoon said the Fed is acting […]
Still Some Risk Aversion Tuesday
Tuesday, October 9–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS Global stock markets were mixed overnight. U.S. stock indexes are poised for weaker openings when the New York day session begins. There is still some risk aversion in the world marketplace Tuesday. And there are now early chart clues the U.S. stock indexes have put in […]
Risk Appetite Shrinking to Start Trading Week
Monday, October 8–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS World stock markets were mostly lower overnight, with steep losses seen in the Chinese stock market after it was closed last week for a public holiday. Chinese monetary officials during the weekend loosened monetary policy a bit more but that did not stop their stock market […]
U.S. Jobs Report on Deck and Bond Markets Will Be Watching Closely
Friday, October 5–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS World stock markets were mostly lower overnight, still pressured by rising world government bond yields. U.S. stock indexes are pointed toward narrowly mixed openings when the New York day session begins. Chinese markets have been closed all week for a public holiday. Traders are awaiting this […]
World Bond Yields on the Rise, Pressing Stock Markets
Thursday, October 4–Jim Wyckoff’s Morning Markets Report OVERNIGHT DEVELOPMENTS World stock markets were mostly lower overnight, pressured by rising world government bond yields and continued strong-greenback pressure on the secondary currency markets. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. Chinese markets are still closed this week for […]
