The current unemployment rate of 4.30% is below the 2007 low of 4.40%. Theoretically, there should be wage inflation at this “low” unemployment rate. But the year over year wage increase is a relatively benign 2.5%. Why would the Fed be in a rush to raise rates?
http://www.investopedia.com/terms/v/vix.asp
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Is this the calm before the storm?
http://www.investopedia.com/terms/v/vix.asp
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S&P 500 YTD Sector Performance
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West Texas Intermediate is testing major support in the $42 to $43 price zone. There is a high probability this support zone will not hold which would put a test of the $40 price zone in play. If you need another negative, the 50-day moving average has crossed below the 200-day moving average: the old death cross.
Reference my last chart analysis for WTI posted on May 4, 2017.
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Is this the calm before the storm?
6-Year VIX Chart
http://www.investopedia.com/terms/v/vix.asp
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The winner is the technology sector which is up +14.11% ytd
S&P 500 YTD Sector Performance
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There is some support around $45 but the near-term downtrend will test major support around $43
West Texas Intermediate 8-Month Daily Chart
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Dow Jones Industrial Average Chart
This is a list of the components of the DJIA.
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“Technical Analysis is about putting the probabilities on your side.”
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.
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