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September 10, 2013  Tue 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's main economic event occurred during the overnight session when China reported industrial production and retail sales.

The only other item on the calendar was Italian gross domestic product, also released early in the morning.

Both events have the potential to add to recent sentiment that the global economy is improving. Their impact could be felt most strongly in materials stocks and funds that track overseas assets such as the iShares MSCI Emerging Markets (EEM) emerging-markets fund.

In addition to the headlines, attention will focus on the possibility of military conflict with Syria. President Obama is scheduled to address the country in favor of an attack tonight, followed by a possible  Senate vote on the matter as early as tomorrow. So far, the political tide and public opinion have turned against war.

The next busy day for economic news is Thursday, featuring European industrial production and initial jobless claims. Friday brings retail sales and consumer sentiment. 
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Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

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