Options Trading News

February 6, 2013  Wed 1:16 AM CT

Economic data releases are relatively light today but will pick up the pace tomorrow.

The report that's likely to affect sentiment most strongly is German factory orders, which will be issued in the early morning hours. A strong reading could lift sentiment toward the global economy, while a weaker one could trigger selling.

The Mortgage Bankers Association will release data on weekly loan applications at 7 a.m. ET, which could move homebuilder stocks. Energy prices may also be active at 10:30 a.m. ET when the government reports weekly changes in crude-oil inventories.

Tomorrow's calendar includes January same-store sales from retailers, jobless claims, and European interest-rate announcements.
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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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