Jobless Claims at Cyclical Low?

1019 12 46
On the chart is the 4-week average of jobless claims. Prior to the past three recessions in 2007, 2001 and 1991, the jobless claims average was near the current levels.

Cyclically, Jobless claims is probably much closer to rising then falling. As we approach the 7th year since exiting the last recession, the average of jobless claims is at the bottom of its range for the past 40 years.

In the bottom of the chart, I applied a 2-standard deviation Bollinger bands to spot potential extremes in the average.

For more.. Three Economic Indicators warn of a Recession
My trading ideas channel

Get your gift :

Skype: Technician - The forex channel
Nice chart thanks for sharing, Already saw this at you site ;)
+1 Reply
Thanks Piet. Glad you did.
Nice, unfortunately. I have been building a case for the next recession. Mind if I use this chart in my analysis? Credit will be given. Also, what are the best ways to make money in said times, if you know. I have been looking at counter cyclical stocks and commodities such as gold and silver. Any thoughts will be helpful. Thanks.
+1 Reply
Gold would be one choice. Short selling stocks is another . and a part in cash as we are in a deflationary environment.
Agreed, nicely done! And agree on llong gc and short equities. As well, I think many believe that the GC/CL will reverse from its new 70 year highs but I believe the opposite, it's just a sign of worsening deflation and will GC/CL will likely continue to rise. Baltic dry, new lows. All of these are bad, LONG term signs.

Good trading to you Tech!
+1 Reply
Great stuff! Thanks so much for sharing! Had no idea we could visualize this kind of data in tradingview.
+1 Reply
Thanks for sharing..
+1 Reply
thanks good luck
+1 Reply
Wauw this is something new for me, are there any other data we can visualize?
+1 Reply
Technician TOP Yahia.Awes
There is alot of economic data that you can visualize in tradingview. You can find them under Quandle" and "Economy" in the instrument search.
Nice job
+1 Reply
Love this type of economic analysis. Not enough of it on tradingview. +
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out