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January 29, 2013  Tue 1:47 AM CT

XHB: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar features consumer confidence and home prices.

Standard & Poor's will announce the Case-Shiller home price index for November at 9 a.m. ET. Economists expect an increase of 5.2 percent, up from 4.3 percent in the previous month. The news could affect housing stocks and suppliers of building materials.

The Conference Board follows with its consumer-confidence report at 10 a.m. ET. Forecasters are looking for a a reading of 65.1, in line with December's number.

It's a busier day for corporate news, with Eli Lilly, Pfizer, EMC, and U.S. Steel scheduled to release quarterly results before the opening bell. E-tail giant Amazon will follow in the afternoon.

The event calendar gets busier tomorrow through Friday, as the market braces for the Federal Reserve's interest-rate decision, monthly payrolls data, and overseas manufacturing reports.
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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