Slowly the indicators are rising

Slowly the indicators are rising

Figure 1. The Nasdaq has managed to rebound yesterday, reaching a 38.2% position.

The reason for yesterday’s rebound was because, fortunately, the initial jobless claim showed a lower number compared to the consensus.

Figure 2. But what you need to know in this section is that the initial jobless claim is that the flow moves with great volatility.

If you look at the trend, you can see that it’s going up and down, and it’s going up and down.

Since one data cannot dominate the entire macroeconomy, it would be good to refer to one data but look at the direction in which it wants to go and decide whether or not to take the investment direction conservatively.

Figure 4. In the case of initial jobless claims, fortunately, it showed a lower appearance compared to the consensus, but in the case of continuing claims, it was exactly the same.

And if you look at the trend as well, you can see that the trend is slowly taking hold, and I’m not going to let my guard down because I’m at the highest level right now.

Figure 4. If you look at the chart pattern, the bear flag pattern that came out last time is on the rise once again.

That’s why I think we should still be careful.
Safe investment!

[Macro indicator data room]
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