Short Term Trading Member Forum

[techcharter]

BlissBull: Initial Jobless Claims.

Bliss,

Initial Jobless Claims Chart is another indicator of investor psychology. It helps form a complete multi-variable investing landscape.

If businesses are increasing layoffs:
1.) "Smart Money" is acting as if they expect fewer sales in the future.
2.) Downsized people put selling pressure on stocks as they liquidate their 401K acct if they have one.
3.) Downsized people have to cut their spending since their cashflow has slowed/stop.

The economy is presently at a major turning point. So far the stock markets and initial jobless claims confirm each other. I'll back off reporting this trend when the turn is confirmed.