OptionsHouse

Options Trading News

February 14, 2013  Thu 1:47 AM CT

EWJ: SEE CHART GET CHAIN FIND STRATEGIES
Overseas data and initial jobless claims are the main items on today's calendar.

Japan reported its quarterly change in gross domestic product last night, while Germany, France, Italy, and the Eurozone followed with similar data early this morning.

The one big report in the United States is jobless claims at 8:30 a.m. ET. Economists expect a reading of 365,000 versus 366,000 a week earlier. A lower number could be interpreted bullishly, while a higher one could be negative because it would mean that more people have been losing jobs.

Weekly natural-gas inventories follow at 10:30 a.m. ET, which could affect energy stocks.

Major companies reporting quarterly results include PepsiCo in the morning and CBS after the closing bell.

Japan will announce industrial production late tonight, which could affect sentiment heading into tomorrow's session.
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 »