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November 16, 2012  Fri 1:47 AM CT

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Industrial production is the only economic release on today's calendar.

The Federal Reserve will issue the report at 9:15 a.m. ET. Economists expect an increase of 0.1 percent for the month of October, down from 0.4 percent in September. Capacity utilization is also expected to remain unchanged at 78.3 percent.

Given that this release is relatively old, it usually has little impact on sentiment.
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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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