CL 06 12 (1 Min) 04.19.12

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.