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Bearish Report on ES for 7/21?


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Bearish Report on ES for 7/21?

  #1 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
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The weekly Initial Unemployment claims report, which comes out Thursday mornings at 8:30am ET has been following the same weekly changes as last year.

If that continues, the report on 7/21 should be a higher amount of Initial Claims and be bearish for the markets, especially ES.

Of course this is not set in stone and is just reflection of a past trend. So use this info with caution.

We'll see if the trend continues.

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  #3 (permalink)
 ron99 
Cleveland, OH
 
Experience: Advanced
Platform: QST
Broker: QST, DeCarley Trading, Gain
Trading: Options on Futures
Posts: 3,081 since Jul 2011
Thanks Given: 980
Thanks Received: 5,785


The unemployment number was higher. But the ES was down for only a few seconds before resuming its march higher. Oh well.

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Last Updated on July 21, 2011


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