Learn the trade here. Make it on tradeMONSTER

Options Trading News

July 17, 2012  Tue 1:16 AM CT

XLY: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar is heavy with economic data but will focus primarily on remarks by Federal Reserve Chairman Ben Bernanke at 10 a.m. ET as traders look for indications of further economic stimulus.

The economic reports begin with the weekly ICSC-Goldman same-store sales figures at 7:45 a.m. ET.

The consumer price index for June will follow at 8:30 a.m. ET. Analysts are expecting the CPI to come in at zero, which would be an improvement from May's -0.3 percent. Estimates range from -0.4 percent to 0.1 percent.

Excluding food and energy, the June CPI is expected to remain unchanged from May at 0.2 percent, within an estimated range of 0.1 percent to 0.2 percent.

The weekly Redbook retail sales figure will be released at 8:55 a.m. ET.

Treasury's international capital inflows and outflows will be reported at 9 a.m. ET.

Industrial production figures for June are scheduled for 9:15 a.m. ET. The consensus expectation for production is a reading of 0.3 percent, up from May's -0.1 percent and within an estimated range of -0.1 percent to 0.5 percent.

The capacity and utilization level for June is forecast at 79.2 percent, up from 79 percent in May and within an estimated range of 78.9 percent to 79.4 percent. Manufacturing is expected to show a June reading of 0.2 percent, up from -0.4 percent in May and within an estimated range of 0.1 percent to 0.5 percent.

The housing market index for July will be released at 10 a.m. ET. The consensus estimate is a print of 30, an increase from 29 in May and within a range of 29 to 32.

After Bernanke's 10 a.m. ET remarks, a four-week Treasury bill auction is scheduled for 11:30 a.m. ET.
Share this article with your friends


Related Stories

XLY

Call selling hits discretionary fund

November 10, 2014

The SPDR Consumer Discretionary Fund fell to support in mid-October but has been fighting resistance for the last week or so.

Premium Services

Webinar Playback

eSignal "Back in Black": Multi-Speaker Free Webinar

Education & Strategy

Some things aren't what they seem

As we scan the Heat Seeker, Depth Charge, and other option-tracking systems, we sometimes see heavy activity in calls and...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER