OptionsHouse

Options Trading News

March 14, 2013  Thu 2:14 AM CT

XLY: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar is relatively light, with weekly jobless claims as the main item.

Economists expect that 350,000 people sought employment benefits for the first time for the seven-day period ending March 9, up slightly from the previous week's 340,000 total. A lower reading may be interpreted bullishly because it would mean that fewer Americans lost their jobs. The Labor Department will announce the figure at 8:30 a.m. ET.

February producer prices will be released at the same time. Forecasts look for a headline figure of 0.6 percent, compared with 0.2 percent in January. The core rate, which excludes food and energy, is expected to increase 0.2 percent. Inflation has not been a major focus of the market recently, so the data is unlikely to affect sentiment.

The calendar is more active tomorrow, with consumer prices, the New York Federal Reserve's Empire State Index, industrial production, and consumer sentiment.
Share this article with your friends


Related Stories

XLY

Traders stay bullish on consumers

March 9, 2015

Strong employment numbers caused investors to worry about higher interest rates Friday, but that same labor trend has helped drive profits at retailers, hoteliers, and media companies.

XLY

Bulls shopping for consumer names

February 25, 2015

Consumer-discretionary stocks underperformed for most of 2014 but have emerged as the strongest of S&P's major sectors since October.

XLY

Notable option activity in equities

February 25, 2015

Nearing the halfway mark in today's session, here are the individual equity names with unusual option activity on optionMONSTER's ActionTracker data system.

Invest Like a Monster - San Diego: June 26-27

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »