Options Trading News

March 27, 2013  Wed 12:50 AM CT

Today is a relatively uneventful day for economic data, with relatively unimportant events on the calendar.

Weekly mortgage applications will be reported at 7 a.m. ET. Pending home sales for February follow at 10 a.m. and are expected to show of gain of 2 percent, down from 4.5 percent the previous month.

Crude-oil inventories will be released at 10:30 a.m., which could potentially move energy prices.

French and British gross domestic product will be also announced early in the morning hours, along with the Euro-zone's survey of economic sentiment. Those could shape sentiment before the opening bell in the United States.

Software maker Redhat will report fourth-quarter earnings after market close.
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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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