Jobless Claims | Live Day Trading | Pre-Market Prep
Shopify 60 day trial
Before trading the jobless claims, the trader must do their pre-market prep. This should include a review of the previous day’s closing prices, news releases pertaining to the jobless claims data and any technical signals being generated by the chart. Understanding economic news and the main drivers of the jobless claims number will help the trader ensure that they are correctly positioning their trades. Additionally, the trader should identify possible support and resistance levels in the market and any key indicators that could cause the jobless claim numbers to move the market. Finally, the trader should have a strategy in place for entering and exiting trades based on the release of the jobless claims numbers.
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