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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.
* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Beach

Beach

Events

UPCOMING (MAJOR) U.S. ECONOMIC EVENTS...
* Tues. July 14 @ 8:30 am ET ~ MoM & YoY CPI & Core CPI Data
* Wed. July 15 @ 2:00 pm ET ~ Beige Book Report
* Thurs. July 16 @ 8:30 am ET ~ Core Retail Sales & Retail Sales
* Wed. July 29 @ 2:00 pm ET ~ FOMC Announcement + FOMC Forecasts and @ 2:30 pm ET ~ Fed Chair Press Conference
* Fri. Aug. 7 @ 8:30 am ET ~ Employment Data
* Wed. Aug. 19 @ 2:00 pm ET ~ FOMC Meeting Minutes

*** Click here for link to Economic Calendars for all upcoming events

Thursday, March 19, 2020

US Initial Jobless Claims: Volatility Event or Non-Event?

* See UPDATE below...

US Initial Jobless Claims data will be released on Thursday March 19 at 8:30 am ET.

A sharp increase could send the VIX spiking higher and the SPX plummeting lower.


The ATR, MOM and ROC indicators (shown with an input value of one period in histogram format) on the VIX daily chart below indicate that the velocity of upward momentum and daily volatility range is slowing somewhat.

That could accelerate dramatically if the claims spike higher than is forecast.


The VIX pivot point support and resistance values/targets for Thursday are:


The ATRMOM and ROC indicators (shown with an input value of one period in histogram format) on the SPX daily chart below indicate that the velocity of downward momentum and daily volatility range is slowing somewhat.

That could accelerate dramatically if the claims spike higher than is forecast.


The SPX pivot point support and resistance values/targets for Thursday are:


* UPDATE...

Here are Thursday's US economic numbers...the beginning of an economic slowdown is evident.


The velocity of the daily drops on this SPX 60-min chart may be slowing down somewhat, but has yet to flatten out.

Today's v-shape action mimics yesterday's and Tuesday's. And, with weekly initial jobless numbers rising for who knows how long, the SPX may have a tough time of stabilizing any time soon.