Apr 262012
 


CL 06 12 (1 Min) 04.26.12

4/26/2012 Weekly Unemployment Claims (0230 HI time / 0830 EDT)
Forecast: 374K
Actual:388K
SPIKE / RETRACE
Started @ 104.10
1st Peak @ 103.84 – 0231 (1 min)
26 ticks

Reversal to 103.98 – 0236 (6 min)
14 ticks

Notes: Report disappointed with 388K with the third straight week of disappointing employment #s breaking out of the 350 – 365K range. The spike crossed the 100 and 200 SMAs along with the PP Pivot to bottom at the LOD tested many times earlier in the day before retracing back for 14 ticks in 6 min.