WASHINGTON
(MarketWatch) — The number of Americans who applied for jobless benefits last
week rose to the highest level in two and a half months, partly because some
school workers can file claims during spring break…Weekly jobless claims jumped by 13,000 to a seasonally adjusted 380,000 in
the week ended April 7, the highest level since late January, the U.S. Labor
Department said Thursday….Some economists also say the Labor Department may not
have done a good job of making seasonal adjustments for the Easter holiday. Full story at…
Interesting...few were
complaining that the Dept. of Labor was wrong when the news was good during the
warm winter.
I doubt that the correction
is over, but we’ll see.
THE MARKET
The S&P 500 was UP 1.4%
Thursday to 1388. VIX closed down 14%
to 17.2.
NTSM
The NTSM analysis remains
HOLD as of the close Thursday.
MY INVESTED POSITION
I bought back into the
stock market at S&P 500, 1155 on 7 Oct after the 6 Oct NTSM buy signal. I remain 100% long in the long-term portfolio
(100% stocks in the 401k.). (See the page “How to Use the NTSM System” – the
link is on the right side of this page).
