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December 11, 2013  Wed 3:16 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Joy Global's earnings report this morning is the most important item on today's quiet calendar.

As a provider of coal-mining machinery, the company's numbers could affect sentiment toward other companies in the industry. Big-box retailer Costco also announces before the opening bell, while Men's Wearhouse and Vera Bradley follow in the afternoon.

The only economic reports today are two weekly releases: MBA mortgage applications at 7 a.m. ET and crude-oil inventories at 10:30 a.m. ET.

Tomorrow is the busiest day of the week, featuring industrial-production numbers from Europe, weekly jobless claims, and monthly retail sales. Ciena, Hovnanian, and Lululemon Athletica issue results in the morning. Adobe Systems is scheduled for the post-market.

Friday's only event is the producer-price index.
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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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