Cycles Top Projection for March-May 2012
- Length: 10:53
- Views: 8
- Author: whentotrade
The long-term dominant cycle shown in February and followed since 2010 projected the time period between March and May 2012 for a market top. All major indices topped exactly in the forecasted period. This forecast was presented in the TraderWorld Online Expo #10 in Feb. 2012 live. The window was posted to cycles customers in advance. The Issue #51 of the TradersWorld Magazine gives more background on my approach how to trade dynamic cycles.
April 25th 2012 CNBC Stock Market (FOMC Meeting Announcement)
- Length: 12:2
- Views: 5
- Author: brianhockey22
4/25/2012 - CNBC Stock Market (FOMC Meeting Announcement). The Fed kept policy rates unchanged and near zero with the funds target rate remaining at a range of zero to 0.25 percent. The key wording on policy guidance also is unchanged with the Fed continuing to state that economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014. Regarding the economy, the Fed has retained essentially the same characterization as in March though one might see very marginal positive comments about labor market improvement. Overall, the Fed sees the economy as "expanding moderately." But the labor market comments are cautionary. "Labor market conditions have improved in recent months; the unemployment rate has declined but remains elevated." The meeting statement is rather general in its commentary about the economic outlook, but at first glance, the Fed forecasts for the economy appear to be little changed, suggesting very gradual improvement in growth and an easing in inflation. We will get more details on the forecast at 2:00 pm ET when forecast tables are released. "The Committee expects economic growth to remain moderate over coming quarters and then to pick up gradually. Consequently, the Committee anticipates that the unemployment rate will decline gradually toward levels that it judges to be consistent with its dual mandate. Strains in global financial markets continue to pose significant downside risks to the economic ...
May 4th 2012 CNBC Stock Market Squawk Box (April Jobs Report)
- Length: 12:31
- Views: 7
- Author: brianhockey22
5/4/2012 - CNBC Stock Market Squawk Box (April Jobs Report). April jobs were softer than expected but there were upward revisions and the unemployment rate dipped to 8.1 percent from 8.2 percent in March. Seasonality issues apparently are still at play. Payroll jobs in April increased only 115000, following increases of 154000 in March (originally 120000) and 259000 in February (prior estimate up 240000). The net revisions for February and March were up 53000. Analysts expected a 165000 increase for April. Private payrolls rose 130000 in April after a 166000 increase the prior month. The consensus forecast was for a 178000 advance. Goods-producing industry employment rose 14000 after a 38000 boost in March. For the latest month, manufacturing increased 16000; construction dipped 2000; and mining edged up 1000. Private service-providing industry employment rose 116000, following a 128000 gain in March. The notable positive was a 62000 increase in professional & business services. Retail trade rose 29000 while health care gained 19000 and leisure & hospitality increased 12000. The public sector continued to downsize with a 15000 drop in government employment, led by a 10700 decline in local government education. Average hourly earnings were flat, following a 0.2 percent gain in March. Analysts expected a 0.2 percent gain. The average workweek for all workers in April was steady at 34.5 hours. Expectations were for 34.5 hours for April. From the household survey the dip in ...
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