Options Trading News

November 27, 2013  Wed 1:47 AM CT

Today has several economic reports before trading winds down for Thanksgiving tomorrow.

MBA's mortgage-purchase applications are the first item at 7 a.m. ET, followed by three bigger reports at 8:30 a.m. ET.

Durable-goods orders for October are expected to contract by 2.2 percent, compared with a 3.8 percent gain in the previous month. Excluding the volatile transportation sector, economists are looking for a 0.2 percent increase.

Initial jobless claims, moved forward by one day because of the holiday tomorrow, are forecast to increase to 330,000 from 323,000 in the previous week. Lower numbers are bullish for the economy because they would mean that fewer Americans had lost their jobs.

The Chicago Federal Reserve's regional economic activity index also comes out at 8:30 a.m. ET. The Chicago purchasing managers index follows at 9:45 a.m. and is expected to drop to 58 from 65.9 in October.

The market re-opens for a half-day of trading on Friday, closing at 1 p.m. ET.

Next week's calendar is packed with macroeconomic events, starting with Chinese and European manufacturing numbers before Monday's opening bell. The Institute for Supply Management's key monthly index of manufacturing activity will be released 30 minutes into the session.

Wednesday brings ADP's private-sector payrolls report, new home sales, and the Fed's beige book survey of economic conditions.

Thursday features the European Central Bank's monetary announcement and initial jobless claims. The schedule climaxes with non-farm payrolls and consumer sentiment Friday morning.
Share this article with your friends

Related Stories


Stocks inching higher before ISM

December 1, 2015

S&P 500 futures are up 0.4 percent, undoing most of yesterday's late slide, while European markets are little-changed. Asia was mostly higher overnight.


ISM, autos, construction data due

December 1, 2015

Due at 10 a.m. ET, the Institute for Supply Management's manufacturing index is expected to show a reading of 50.4 for November, up from 50.1 the previous month.


Stocks inch higher before events

November 30, 2015

S&P 500 futures are up 0.2 percent but remain within their recent range. European markets rose fractionally and Asia fell overnight, led by a drop of almost 2 percent in Seoul.


Jobs, ECB, OPEC on full docket

November 30, 2015

The Chicago Purchasing Managers Index and pending home sales get the ball rolling today at 9:45 a.m. and 10 a.m. ET, respectively.


Stocks inch higher before data

November 25, 2015

S&P 500 futures are up about 0.1 percent, while most of Europe is rallying more than 1 percent. Asia was mostly lower overnight.



The fastest money in the market
View full report »

Premium Services

Education & Strategy

The art of trading

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.

View more education articles »