OptionsHouse

Options Trading News

November 14, 2012  Wed 1:16 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar is dominated by consumer data and comments by the Federal Reserve.

Weekly mortgage applications at 7 a.m. ET are the first item on the schedule. They declined 5 percent last week, partly because of storm disruptions. While they're not tracked by analysts, an especially strong or negative reading could affect housing stocks.

The Commerce Department will release October retail sales at 8:30 a.m. ET. Economists predict contraction of about 0.3 percent excluding autos, while the overall number is expected to be little changed. Stronger readings could positively sway sentiment, while weaker ones would be viewed bearishly.

Producer prices are reported at the same time, with forecasters anticipating an increase of 0.1 percent. The report will probably have a muted impact on trading because inflation hasn't been a major concern for investors recently.

At 2 p.m. ET, the Fed will release minutes of its last meeting. Investors may scour the report for clues about the pace of further monetary stimulus.
Share this article with your friends


Related Stories

XLF

Cramer: Banks starting to catch up

February 9, 2015

The 17 percent of the market that's been doing nothing and, in many cases, is down for the last few months--the banks--is now ramping. And that's good news.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

Gamma

As we continue to discuss the Greeks, we come to the first of the strike based Greeks called Gamma. Gamma is known as the second derivative, while delta is the first.

View more education articles »