Sethi Associates

Daily Summary – September 30, 2021 - Must Be September Please excuse typos.  As a side note, after talking with some followers, I'm going to try to make this a little more digestible for those who are not as familiar with the markets, lingo, etc.  Feel free to leave your thoughts in the comments section, they are appreciated.  Also, don't discuss crypto much as I'm still not that familiar with it. Also starting a small glossary to help.   SPX = S&P 500  Naz = Nasdaq Composite NDX = Nasdaq 100 (100 largest stocks in the Naz) RUT = Russell 2000 (smaller stocks)  DMA = Daily Moving Average (the moving average over the given time period (20, 50, 100, 200 days normally)). MACD = Moving Average Convergence Divergence (basically a trend indicator) RSI = Relative Strength Index (basically what it sounds like) __________________________________________________________________ If you missed the opener, a lot of stuff in there so might want to skim it. Major US equity indices clos

Initial Jobless Claims week ending Sep 25th seasonally adjusted: +11K to 362K vs. 335K consensus, 351K prior.  Non-SA -8K to 298K. PUI claims +2K to 17K . Four-week moving average of initial claims (SA) was 340K , up 4,250 from the previous week's average of 335.75K. Continuing jobless claims (one week delayed) of 2.802M, - 18K lower than 2.820M prior and 2.8M consensus.  Non-SA -49K to  2.461M .  Total receiving benefits in all programs (two weeks delayed) was 5.027M , -6.223K. While seasonally adjusted claims moved up this week, non-seasonally fell modestly.  I think you know my feelings that seasonal adjustments while we're still dealing with pandemic impacts can be misleading, but even then non-adjusted claims only decreased by -8k after increasing a big 40k last week.  While last week could be chalked up to Hurricane Ida impacts to some extent, if that was the explanation you'd have thought we'd get a bigger decrease, as it would seem those should mostly be past at

 As We Approach The Open... - 9/30/21 Please excuse typos.  As a side note, after talking with some followers, I'm going to try to make this a little more digestible for those who are not as familiar with the markets, lingo, etc.  Feel free to leave your thoughts in the comments section, they are appreciated. Will start a small glossary at the start also.   SPX = S&P 500 Naz = Nasdaq Composite NDX = Nasdaq 100 (100 largest stocks in the Naz) RUT = Russell 2000 (smaller stocks) DMA = Daily Moving Average (the moving average over the given time period (20, 50, 100, 200 days normally)). MACD = Moving Average Convergence Divergence (basically a trend indicator) RSI = Relative Strength Index (basically what it sounds like) BBG = Bloomberg WSJ = Wall Street Journal _______________________________________________________________________ As we approach the open of US equity trade in NY, global equities are mixed with US equities looking a lot like this time yesterday (as probably not c