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Sunday, February 12, 2017 10:56:13 AM
Amateur Investors: Weekend Analysis
* February 11, 2017
One thing to keep an eye on in the months ahead is the 4 week moving average of Initial Jobless Claims which has dropped to levels not seen since the early 1970's.
Meanwhile you may wonder why anyone would care about Jobless Claims. If we overlay the S&P 500 with the 4 Week Average of Initial Jobless Claims there has been a rather strong inverse relationship between the two going back to the late 1960's. Notice when Jobless Claims have fallen (points A to B) the S&P 500 has risen (points C to D).
Meanwhile when Initial Jobless Claims have risen (points E to F) generally there has been weakness in the S&P 500 (points G to H). Overall we are starting the 9th consecutive year where Jobless Claims have decreased so an upside reversal is inevitable at some point. The question is when does it start and will it have the same consequences as before?
http://www.amateur-investors.com/AII_Weekend_AnalysisFeb_11_17.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
* February 11, 2017
One thing to keep an eye on in the months ahead is the 4 week moving average of Initial Jobless Claims which has dropped to levels not seen since the early 1970's.
Meanwhile you may wonder why anyone would care about Jobless Claims. If we overlay the S&P 500 with the 4 Week Average of Initial Jobless Claims there has been a rather strong inverse relationship between the two going back to the late 1960's. Notice when Jobless Claims have fallen (points A to B) the S&P 500 has risen (points C to D).
Meanwhile when Initial Jobless Claims have risen (points E to F) generally there has been weakness in the S&P 500 (points G to H). Overall we are starting the 9th consecutive year where Jobless Claims have decreased so an upside reversal is inevitable at some point. The question is when does it start and will it have the same consequences as before?
http://www.amateur-investors.com/AII_Weekend_AnalysisFeb_11_17.htm
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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