Options Trading News

February 19, 2013  Tue 12:45 AM CT

This week's calendar focuses on housing and the German economy.

No releases were scheduled for Monday, when markets were closed in observance of Presidents Day.

The German ZEW survey of economic sentiment will be released early in the morning today. Given the country's importance in Europe and its status as a major exporter, the report could sway sentiment.

The NAHB Housing Market Index follows at 10 a.m. ET. It could affect trading in homebuilders and companies that supply the industry.

Housing starts and minutes of the Federal Reserve's latest meeting will be released tomorrow, along with producer prices. Thursday brings weekly jobless claims, consumer prices, and existing home sales.

The week concludes with two more German data reports: gross domestic product and the Ifo survey of business confidence. Both will be released early in the morning before the opening bell.
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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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