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NASDAQ’s Strength Points To More Upside

When the ADX black line (shown below) is at low levels, it is indicative of a trendless or sleepy market. When the line begins to rise it shows a strengthening trend (up or down). A move from low levels to 51.55 is very rare and only found during the early stages of strong [...]
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U.S. New Home Sales Rise In October, But September Revised Down

Business & Finance : Business Insider: Clusterstock (2 hours ago)

WASHINGTON, Nov 26 (Reuters) - Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual. The... Read Post

Our Favorite Stock Market Indicator Chart Is Showing Some Signs Of Cracking

Business & Finance : Business Insider: Clusterstock (2 years ago)

Here's a chart we've run numerous times over the past couple of years. It shows the S&P 500 (blue) vs. initial jobless claims (in red, flipped upside down, so that the line goes up, when claims improve). The two lines don't move per... Read Post

U.S. Jobless Claims Rise Above 300,000 Last Week

Business & Finance : Business Insider: Clusterstock (3 hours ago)

WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits last week rose to the highest level since September, but the underlying trend remained consistent with a firming labor market. Initial claims... Read Post

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