GTStockmaster

Getting close to the time to get out of markets here.

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FRED:ICSA   Initial Claims
We have yet to see confirmation, but initial unemployment claims are looking worrisome here, and we haven't even processed the big layoffs from some of the automotive manufacturers. There are some false breakouts or false concerns in here, so that's why you may want to wait until more sustained uptrend occurs, but when combined with other economic issues, this is definitely something that's likely telling us where markets are going in the near future.
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