Options Trading News

April 4, 2013  Thu 1:47 AM CT

Today's event calendar focuses on macroeconomic events in the United States and Europe.

Germany and the Eurozone will report purchasing managers indexes early in the session. The European Central Bank and the Bank of England will also announce monetary policy before 8 a.m. ET.

The U.S. data begins at 7:30 a.m. ET with the Challenger job-cuts report for March. The more-important weekly jobless claims follow at 8:30 a.m. ET and is expected to show that 345,000 Americans lost their jobs versus 357,000 the previous week. Lower readings would be considered bullish and could affect expectations for the key monthly non-farm payrolls report tomorrow morning.

Natural-gas inventories are scheduled for 10:30 a.m. ET, which could affect trading among energy companies.
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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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