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. equity markets are showing great strength today, holding up after the Christmas Day China interest rate hike. DOW down 0.26% S&P 500 down 0.15% NASDAQ down 0.44% European and Chinese indices were not so lucky. DAX down 1.16% CA... Read Post
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
Despite a reasonably strong start to the day, American equity markets finished the day slightly below where they started. The Dow was off by a single point while the S&P 500 finished down by 0.1% and the Nasdaq slumped by 0.5% as br... Read Post