This analysis overlays US Recessions over CBOE:SPX on the top pane. Bottom pane is a technique shared by famous trader , Larry William - recently presented at a NAAIM Conference. The technique looks at US job market as % of population. You can find more on Sentimentrader. Larger declines in stock market are usually accompanied by a recession. There is clearly...
The markets reacted positively from the news that employment data saw a bounce, but we need to be honest with ourselves here. Several states 'reopened for business' through this period; but the participation rate is the lowest it has been since the end of WW2. Just think about that for a minute. The lowest employment participation since soldiers returned to an...
The head and shoulders formation is a classic sell setup that traders are familiar with. A close below the neck line is a sell signal for traders. Well, as you can see this was a signal of an economic downturn and it predicted it in the summer before the market crash in the fall. This would have alerted people to prepare for the impending doom and for traders to...
Just for.... some people who lie about the.... reality in work force!!