-041912.jpg "Click to enlarge")
4/19/2012 Weekly Unemployment Claims (0230 HI time / 0830 EDT)
Forecast: 370K
Actual:386K
SPIKE WITH 2ND PEAK
Started @ 103.19
1st Peak @ 103.06 – 0232 (2 min)
13 ticks
2nd Peak @ 102.79 – 0241 (11 min)
40 ticks
Reversal to 102.96 – 0243 (13 min)
17 ticks
Notes: Report disappointed with 386K for the second straight week of disappointing employment #s breaking out of the 350 – 365K range. The spike crossed no SMAs or Pivots on its way downward.
-041212.jpg "Click to enlarge")
4/12/2012 Weekly Unemployment Claims (0230 HI time / 0830 EDT)
Forecast: 355K
Actual:380K
SPIKE WITH 2ND PEAK
Started @ 103.55
1st Peak @ 103.08 – 0232 (2 min)
47 ticks
2nd Peak @ 102.89 – 0247 (17 min)
66 ticks
Reversal to 103.27 – 0300 (30 min)
38 ticks
Notes: Report disappointed with 380K. The first week in about 3 months for the claims to break out of the 350 – 365K range. Larger and longer than normal reaction due to the break in the 3 month trend and sizeable delta. The spike crossed no SMAs or Pivots on its way downward.