OptionsHouse

Options Trading News

July 16, 2013  Tue 2:45 AM CT

XLY: SEE CHART GET CHAIN FIND STRATEGIES
Corporate earnings dominate today's economic calendar.

Goldman Sachs, Johnson & Johnson, Mosaic, and Coca-Cola are all scheduled to release quarterly results this morning. Internet giant Yahoo and railroad CSX follow in the afternoon after the closing bell.

Consumer-price data for June will be announced at 8:30 a.m. ET. Economists expect an increase of 0.3 percent for the overall headline reading and 0.2 percent for the so-called core reading, which excludes food and energy. The report might not have a big impact on sentiment because inflation hasn't been a concern recently.

The most important economic report may actually come from Europe early in the session, when Germany's Zew institute publishes its gauge of financial-market sentiment.
Share this article with your friends


OptionsHouse

Premium Services

Education & Strategy

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.

View more education articles »