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February 12, 2013  Tue 2:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's event calendar focuses on political headlines, as no economic releases are scheduled.

European finance ministers will conclude a two-day meeting, potentially resulting in headlines from across the Atlantic. President Obama will make his State of the Union Address in the evening, which could direct attention to the possibility of fiscal deadlock in Washington. The speech will also likely mention firearms and solar energy, so those groups could be active tomorrow.

In earnings news, blue-chip Coca-Cola will report quarterly results before the opening bell.
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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.

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