Source: The Employment and Training Administration of the Department of Labor. Release: 8:30 ET each Thursday. Data is for week ended prior Saturday. Initial jobless claims reflects the number of claims filed for state unempolyment benefits in the previous week. Increases in claims potential reflect slowing job growth, and decreases reflect accellerating growth in the
By Larry Jacobs Larry: How have you been? Dan: I have been very good and busy. Last year was probably my most profitable year and my biggest dollars gain ever since I started trading. I had some big winners such as Google, Apple and housing and oil stocks. The majority of my money was made
The Four Price Doji Japanese Candlestick has no upper or lower wick, and the open and the close are at the same price – this candlestick looks like a flat line.
This classic momentum indicator was first popularized by George Lane. Stochastics are based on the observation that in an uptrend as prices increase, closing prices gravitate to the upper end of the price range. In downtrends as prices fall you expect prices to close at the lower end of the range. The stochastics indicator compares
The Stick Sandwich is a three candle bullish reversal formation. The pattern occurs in a downtrend, where the first candle is black and the second candle is white and trades above the close of the first day. The third candle is black and closes where the first candle did.