Wednesday, December 28, 2016

Initial Jobless claims: released tomorrow morning

Initial Jobless Claims:

Released by the US Department of Labor is a measure of the number of people filing first-time claims for state unemployment insurance.

It provides a measure of strength in the labor market.

A larger than expected number indicates weakness in this market which influences the strength and direction of the US economy.

A decreasing number should be taken as positive or bullish.

Monday, December 19, 2016

NDX has established a new range

NDX has established a new range but the bars are lot wider then I have seen before, meaning the market has a wider daily range...

Tuesday, December 13, 2016

NDX breaking out today

NDX break out of the trading range that it has been in since Aug of this year. We have not seen prices this high for a long time. It is that time of the year where the markets rally but we also have a historic event happening, the Fed's decision to hike the interest rate, something it has not done in a decade. Normally indices will be very volatile or moving sideways waiting the Fed decision. Today seeing the how the markets rallied ahead of the decision tells me that either the most traders are certain of the outcome of the meeting or it does not matter what happens at the meeting. I wonder if the Fed does not raise the rates as is widely expected, the markets could dive nose down? Something interesting to watch.

Wednesday, December 7, 2016

Jobless claims report tomorrow morning

This jobless claims being the significant read on the jobs market before the Fed decision next Wednesday. If jobless claims repeats what it showed last week, a jump in claims, it will that the markets have a problem of increased joblessness. Signaling a weakening state of the economy the Fed will likely not pass on a rate hike. Today's market rally was a brisk one all the indices were up DJI gained 300 points and NDX which has been in a  downward trend gained 63 points but something interesting to observe is VIX also gained .43 not a significant number but unusual on a day like today!
NDX still trading in the box.