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April 25, 2013  Thu 1:16 AM CT

UNG: SEE CHART GET CHAIN FIND STRATEGIES
Weekly jobless claims are the main economic report on today's calendar, and the earnings lineup remains active.

The Labor Department will release the data at 8:30 a.m. ET. Economists expect that 351,000 Americans filed for first-time unemployment benefits, down from 352,000 last week. A higher number may be interpreted bearishly because it would mean that more people had lost their jobs, while a lower one would be bullish.

The Energy Department will announce weekly natural-gas inventories at 10:30 a.m. ET. Corporate results are scheduled from companies including 3M, ConocoPhillips, Dow Chemical, Exxon Mobil, Colgate-Palmolive and Hershey in the morning session. The afternoon brings Amazon, Expedia, KLA-Tencor, and Starbucks.

The focus will return to macronomic data tomorrow morning when the Commerce Department announces its advance estimate of first-quarter gross domestic product.
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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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