From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.5 percent in November. The indexes for both manufacturing…
Continue ReadingUncategorized
Weekly Initial Unemployment Claims Increase to 206,000
The DOL reported: In the week ending December 11, the advance figure for seasonally adjusted initial claims was 206,000, an…
Continue ReadingHousing Starts Increased to 1.679 million Annual Rate in November
From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately‐owned housing starts in November were at a seasonally adjusted annual…
Continue ReadingUse Keltner Channels to Identify Trend Direction
First introduced by Chester Keltner in his 1960’s book “How to Make Money in Commodities”, Keltner Channels have become a…
Continue ReadingIs The S&P500 Setting Up For a Break To New Highs?
After dipping to 4500, the development of a potential inverted Head & Shoulders pattern started to take shape on the…
Continue ReadingThursday: Housing Starts, Unemployment Claims, Industrial Production and more
Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 200 thousand…
Continue ReadingWill Wednesday’s Momentum Continue or Fade?
On Wednesday, investors waited for the FOMC minutes release at 2 PM EST to see whether the Fed would be…
Continue ReadingTwo Forces at Play
The market is really testing a lot of traders this month. Most of the bullishness is being eroded as the…
Continue Reading10 Things You Must Know About Crypto
In this edition of Trading Simplified, Dave briefly covers Mystery Chart updates and analyzes what has happened there. Next up, he…
Continue ReadingThe Ord Oracle December 14, 2021
SPX Monitoring Purposes: Long SPX 11/30/21 at 4566.97. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX…
Continue Reading