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December 18, 2012  Tue 12:45 AM CT

XHB: SEE CHART GET CHAIN FIND STRATEGIES
Homebuilder data is the only economic report on today's economic calendar.

The National Association of Home Builders will release its sentiment index at 10 a.m. ET. Economists expect a reading of 47, up from 46 in November. A strong number could lift homebuilder stocks, while a weak result could hurt sentiment toward the sector.

Another big event occurs after the bell when software giant Oracle reports quarterly earnings.
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  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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