Options Trading News

August 7, 2013  Wed 2:14 AM CT

The economic calendar remains light today, with few important releases in U.S. data.

Mortgage-application data will be announced at 7 a.m. ET, which could sway sentiment among homebuilders. Energy companies may be active when crude-oil inventories are released at 10:30 a.m. ET. Both reports, however, are based on weekly numbers and seldom cause big price moves.

Germany will also release industrial production numbers early in the session.

Companies including Beam, Dendreon, Dean Foods, Foster Wheeler, Stratasys, and T-Mobile will report earnings before the opening bell. Nvidia, Priceline.com, Monster Beverage, Assured Guaranty, Allscripts Healthcare, and Emulex follow in the afternoon.

China also reports trade data in the evening, which could affect activity on Thursday morning.

Tomorrow is the busiest session of the week, with retailers reporting same-store sales and the Labor Department announcing jobless claims.
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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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