OptionsHouse

Options Trading News

December 27, 2012  Thu 12:45 AM CT

XLY: SEE CHART GET CHAIN FIND STRATEGIES
Several economic reports today focus on American consumers and workers.

Weekly jobless claims start the list of events at 8:30 a.m. ET. Economists estimate that the number of people seeking initial benefits rose to 375,000 from 368,000 last week. A smaller reading would be bullish for stocks because it would indicate that fewer people have lost their jobs, while the opposite would be the case in the event of a higher reading.

New home sales and consumer confidence follow at 10 a.m. ET. The annualized pace of new home sales was expected to increase at a 379,000 in November from 368,000 the previous month. A stronger reading could be bullish for the market, especially for homebuilders and related stocks, while a lower figure could trigger selling.

Economists forecast that consumer confidence declined to 70 from 73.7 in November. Once again, a higher number would be bullish.

Natural-gas inventories will be released at 10:30 a.m. ET, which could sway sentiment toward some energy stocks.
Share this article with your friends


Related Stories

XLY

Consumer discretionaries hedged

April 1, 2015

The SPDR Consumer Discretionary Select Sector Fund pulled back after reaching an all-time high at the beginning of last week but then rebounded at a key level.

Invest Like a Monster - San Diego: June 26-27

Premium Services

Education & Strategy

Investor deficiency in premium collection

Most investors have heard about selling options as a form of income generation. You hear it from brokers and financial advisors as a way to generate income without selling off pieces of your nest egg, dwindling through your retirement accounts, and then being stuck figuring out how to financially afford the rest of your life...

View more education articles »