Options Trading News

December 18, 2012  Tue 12:45 AM CT

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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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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