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November 29, 2012  Thu 1:45 AM CT

RTH: SEE CHART GET CHAIN FIND STRATEGIES
Today's calendar draws attention back to the U.S. economic data.

More than a dozen retailers will report November comparable-store sales in the pre-market session, which will likely affect sentiment toward consumer-discretionary stocks. Early results from the holiday shopping season have been strong so far.

Initial jobless claims are scheduled for 8:30 a.m. ET. Economists forecast a decline to 390,000 from 410,000 last week. A significantly lower reading could boost sentiment, while a higher figure could be bearish.

The Commerce Department will release its second estimate for third-quarter gross domestic product at the same time. Forecasts look for the figure to be revised up to 2.8 percent from the 2 percent announced earlier.
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Market Level Making You Nervous, Huh? Part 3

In last week's article, we discussed how important the extra cash you save by using the Stock Replacement Strategy over buying the actual stock is! That extra cash in our account instead of being unnecessarily tied up in a stock position allows us to buy the puts we would need to protect our downside in the case of a major sell-off.

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