Options Trading News

April 9, 2013  Tue 1:47 AM CT

There are no important economic events on the calendar today, so attention is likely to focus on corporate news as earnings season gets under way.

Tomorrow brings mortgage applications in the morning and minutes of the Federal Reserve's last meeting in the afternoon. Retail comes into focus on Thursday as companies such as TJX and Gap report same-store sales for March. Weekly jobless claims are also on the schedule.

The Commerce Department will report its own retail numbers Friday morning, which will also bring JP Morgan's quarterly results and University of Michigan's consumer sentiment data.
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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. 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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