U.S Initial Jobless Claims Rep: 187k ✅ Lower Than Expected ✅ Exp: 207k Prev: 203k (revised up from 202k) A positive release today with initial claims coming in much lower than expected. Chart Trend We are very close to taking out the lows from Oct 2022 at 180k claims on the chart. Importantly these charts do not update with revised figures and factoring in...
U.S. Continuous Jobless Claims Rep: 1,906k 🚨Higher than Expected 🚨 Exp: 1,889K Prev: 1,898k (revised down from 1,905k) Continuous claims came at 1,906k which is 8,000 higher than last weeks revised 1,898k. The Trend Since Sept 2022 continuing claims have increased from 1.302m to 1.906m (604k+). This is significantly concerning trend & suggests that an...
U.S. Continuous Jobless Claims Rep: 1,895 🚨 20k HIGHER THAN EXPECTED🚨 Exp: 1,875K Prev: 1,865k (revised down from 1,871k) 20,000 higher continuous claims than expected. This is keeping the long term trend rising and remains one of thee most concerning charts out there. Chart Trend Since Sept 2022 continuing claims increased from 1.302m to 1.895m (593k+)....
U.S. Continuing Jobless Claims Rep: 1,806k ✅Lower Than Expected ✅ Exp: 1,845k Prev: 1,832k (revised down from 1,834) Whilst the short term lower than expected continuous jobless claims are welcomed the long term trend is one of thee most concerning charts out there. Chart Trend Since Sept 2022 continuing claims increased from 1.302m to 1.806m (500k+). This...
MACRO MONDAY 9 Initial Jobless Claims Historical Analysis and Important upcoming levels Initial claims are new jobless claims filed by U.S. workers seeking unemployment compensation, included in the unemployment insurance weekly claims report. "Initial claims" refers to the government report on the number of workers applying for unemployment benefits for...
MACRO MONDAY 11 Continued Jobless Claims ECONOMICS:USCJC Continued Jobless Claims are the continued unemployment benefits claimed by workers who made their first “Initial claim” and remained unemployed in the weeks that followed. In other words, Initial Jobless Claims account for only the people that claimed their first week of unemployment benefit whilst...
S&P 500 INDEX MODEL TRADING PLANS for THU. 10/05 With JOLTS on Tuesday, Initial Jobless Claims Numbers this morning, and Non-Farm Payrolls tomorrow, this week is all about Jobs and Jobs. So far, there is no sign of any letting up in the strength of the Job market. Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top...
Upside: 4478 → 4500 → 4519 → 4542 → 4566 Downside 4459 → 4447 → 4422 → 4400 Technical Analysis: ES tested a breakdown of a Long GP from 4461-4470, but bounced to close the Friday down only -0.1%. We want to see if ES can hold above last week's lows, if not, I could see a test below in the 4447 area where we should start to see buyers come in. This area would be...
The Canadian dollar continues to rally. USD/CAD is trading at 1.3328 in the North American session, down 0.22% on the day. The week wrapped up with Canada's May employment report, which usually is released at the same time as the US job data, but had the spotlight to itself today. The data was a disappointment. Canada's economy shed 17,300 jobs, all of which were...
The tech sector is on a tear. NASDAQ:NVDA earnings set the tone last week and the AI craze is on. NASDAQ:QQQ had a bullish week, closing up +3.53%, bringing it up +8.76% on the month. Strong earnings, job cuts, and developments in AI technology has sent the sector higher. Technical Analysis: The last two weeks saw NASDAQ:QQQ break out of the rising wedge we...
SPDR S&P 500 FUTURES ( CME_MINI:ESM2023 ) & ETF ( AMEX:SPY ) - Market Update - 10/10/23 The April Consumer Price Index (CPI) report showed a 0.4% increase last month, driven by rising shelter, used vehicle, and gas prices. This increase met Wall Street expectations, and the annual inflation rate of 4.9% came in slightly below estimates, providing hope for a...
GBP/USD is trading at 1.2517 in Europe, almost unchanged. In the UK, GDP declined by 0.3% in March m/m, below the 0.1% estimate and the February reading of 0.0%. Still, the economy managed to gain 0.1% in the first quarter, unchanged from Q4 2022 and matching the estimate. There was no surprise as the Bank of England raised rates by 25 basis points, bringing the...
$SPY $SPX $ES1! Analysis, Key Levels & Targets Wowza, what a breakout today above the downtrend…. I did say that if we got near the top I was going to get puts so I did, for next Thursday on the 401 strike…. That was just such a shady breakout, gapping up above the 1hr 200MA and the downtrend overnight… what is that crap… LOL…. 🤣 And 400 is officially a “level”...
Tomorrow morning, we'll be receiving GDP data and jobless claims, which could have a significant impact on the market. Currently, $SPY is at a crucial point on the daily chart, nearing the upper limit of its broadening formation. It's showing positive trends on the daily, weekly, monthly, and quarterly charts. Keep in mind that the month and quarter will close on...
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The British pound is in negative territory today and has fallen below the 1.15 line. In the North American session, GBP/USD is trading at 1.1497, down 0.38%. US retail sales rose 0.3% MoM in August, rebounding from -0.4% in July. Excluding gasoline, retail sales were up 0.8%, as consumers responded to lower gas prices by increasing spending on other items. The...
Lulumelon Athletica Short Term - We look to Sell at 329.26 (stop at 346.16) They reported better than expected earnings and the stock jumped up premarket. The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 332.00. We therefore, prefer to fade into the rally with a tight stop in...
Like a bouncing ball on a downhill, equities have bounced hard after repeated selloffs but the general momentum remains downward. With Consumer Price Index (CPI), Retail Sales, Initial Jobless Claims & Consumer Sentiments numbers coming out this week, markets are likely to be jittery. Any downside surprises could spur a sharp reaction downwards. The S&P 500...