tradeMONSTER: Trade free for 90 days

Options Trading News

November 21, 2012  Wed 1:16 AM CT

XLY: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar focuses on employment and consumer sentiment.

Mortgage applications will be released at 7 a.m. ET. The data, which showed a gain of 12.6 percent last week, isn't followed by analysts and seldom affects market sentiment.

Weekly jobless claims at 8:30 a.m. ET are more important. Economists expect a decline to 423,000 from 439,000 last week. A higher reading would be bearish because it would mean that more people had lost their jobs, while a lower number would be bullish. The report was forward by one day because of the Thanksgiving holiday tomorrow.

The University of Michigan's November consumer sentiment index is scheduled for 9:55 a.m. ET. It was previously reported at 84.90 and is expected to be revised down to 84.

The Conference Board follows with leading economic indicators at 10 a.m. ET. The report will probably have little effect on sentiment because it consists of data that has already been reported separately.
Share this article with your friends


Related Stories

XLY

Traders hedging consumer plays

November 28, 2014

The SPDR Consumer Discretionary fund has led the market since mid-November, and now an investor is limiting further gains to hedge against a pullback.

Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER