Options Trading News

June 12, 2013  Wed 2:14 AM CT

Mortgage applications and oil inventories are the only events on today's agenda.

MBA will release the loan data at 7 a.m. ET, and the Energy Department will announce the change in energy stockpiles at 10:30 a.m. ET. Both reports come every week and generally have little impact on trading.

The calendar is more active tomorrow, with retail sales and weekly jobless claims scheduled for 8:30 a.m. ET. Consumer sentiment will be reported on Friday.

The schedule accelerates next week, with the Federal Reserve's interest-rate announcement, European economic data, and regional Fed reports.
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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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