UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT 9-22

In the week ending September 17, the advance figure for seasonally adjusted initial claims was 423,000, a decrease of 9,000 from the previous week's revised figure of 432,000. The 4-week moving average was 421,000, an increase of 500 from the previous week's revised average of 420,500.

The advance seasonally adjusted insured unemployment rate was 3.0 percent for the week ending September 10, unchanged from the prior week's unrevised rate.

The advance number for seasonally adjusted insured unemployment during the week ending September 10 was 3,727,000, a decrease of 28,000 from the preceding week's revised level of 3,755,000. The 4-week moving average was 3,742,000, a decrease of 6,500 from the preceding week's revised average of 3,748,500.

All American Investor

Weekly Unemployment Claims May 30

In the week ending May 30,

• the advance figure for seasonally adjusted initial claims was 621,000, a decrease of 4,000 from the previous week's revised figure of 625,000.
• The 4-week moving average was 631,250, an increase of 4,000 from the previous week's revised average of 627,250.
• The advance seasonally adjusted insured unemployment rate was 5.0 percent for the week ending May 23, unchanged from the prior week's revised rate of 5.0 percent.
• The advance number for seasonally adjusted insured unemployment during the week ending May 23 was 6,735,000, a decrease of 15,000 from the preceding week's revised level of 6,750,000.
• The 4-week moving average was 6,687,500, an increase of 88,750 from the preceding week's revised average of 6,598,750.

Subscribe to All American Investor via Email

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

Kindle: Amazon's Wireless Reading Device (Latest Generation)

4 Week Average of Unemployment Claims Still Above 600,000 (Chart)

The four week average of unemployment claims remains above 600,000 at 626,750. This makes 16 weeks in a row that the average has remained above 600,000.

Next week we will be taking off 537,539. Any number below that figure will continue the downtrend in this series.

Subscribe to All American Investor via Email

Duration of Unemployment Soars to New All Time High (Chart)

People are staying unemployed longer. Average duration of unemployment has lengthened by more than two weeks (20 percent) since January. This is the highest reading for this series on record.

Subscribe to All American Investor via Email

Follow All American Investor on Twitter

Dendreon (DNDN) Lightening Strikes Twice (Chart)

Dendreon (DNDN) Lightening Strikes Twice

Weekly Chart.

If you owned it, you had a shot to make 10 times your dojo.

65 day high 27.40. 65 day low 2.55.



Amazing. Dendreon (DNDN) traded up like an oil gusher in 2007, high 25.25, and back down to 2.55 in March, 2009. It did it again this year, high 27.40.

What is next for Dendreon. Beats me, mighty risky for sure. Fundamental story is interesting. Feel free to add your two cents in the comments box.

Subscribe to All American Investor via Email

Follow All American Investor on Twitter

UNEMPLOYMENT WEEKLY CLAIMS REPORT

Weekly unemployment claims:

• 654,000 down from a revised 674,000 (revised down 20,000)
• Four week moving average 657,200 (down 750)

Down a bit, but still high on a historic basis.

Department of Labor

In the week ending April 4, the advance figure for seasonally adjusted initial claims was 654,000, a decrease of 20,000 from the previous week's revised figure of 674,000. The 4-week moving average was 657,250, a decrease of 750 from the previous week's revised average of 658,000.

The advance seasonally adjusted insured unemployment rate was 4.4 percent for the week ending March 28, an increase of 0.1 percentage point from the prior week's unrevised rate of 4.3 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 28 was 5,840,000, an increase of 95,000 from the preceding week's revised level of 5,745,000. The 4-week moving average was 5,647,500, an increase of 146,750 from the preceding week's revised average of 5,500,750.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.753 million.

Kindle 2: Amazon's New Wireless Reading Device (Latest Generation)

Follow All American Investor on Twitter

UNEMPLOYMENT WEEKLY CLAIMS REPORT

In the week ending March 28, the advance figure for seasonally adjusted initial claims was 669,000, an increase of 12,000 from the previous week's revised figure of 657,000. The 4-week moving average was 656,750, an increase of 6,500 from the previous week's revised average of 650,250.

The advance seasonally adjusted insured unemployment rate was 4.3 percent for the week ending March 21, an increase of 0.1 percentage point from the prior week's unrevised rate of 4.2 percent.

The advance number for seasonally adjusted insured unemployment during the week ending March 21 was 5,728,000, an increase of 161,000 from the preceding week's revised level of 5,567,000. The 4-week moving average was 5,496,500, an increase of 163,500 from the preceding week's revised average of 5,333,000.

The fiscal year-to-date average for seasonally adjusted insured unemployment for all programs is 4.700 million.

Follow All American Investor on Twitter

S and P 500 Weekly Chart

On March 7, we posted the Monthly chart of the S and P 500 and pointed out the slope of the market was unsustainable and that a rally was likely. From that article,

You can see the slope of the market is very severe. This cannot be sustained much longer. When a market index trades down at a sharp angle like the one above (See March 7 chart), the market always rallies sharply when it reverses directions. This rally could start at any time.

Since then, we had two weeks up in the market as shown in the weekly chart above.

Now the question is what next? Technically this is a difficult question to answer. I would say this week is fifty-fifty. As you can see, the downtrend is still intact. The market is now above the blue line which indicates the severe oversold condition is not over. Overall, it is always more risky to be a buyer when the trend of the market is down--so it is still a time to be very cautious. I would also so, at this point the easy money has already been made on the downside. Toss up.

My best guess right now is that market is going to continue to consolidate and move sideways in the area between 663 and 800 before it makes its next move. On the fundamental side, I will be posting a new article entitled, Don't Fight the Tape, which makes an argument for additional upside in the market.

Subscribe to All American Investor via Email

Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.