OptionsHouse

Options Trading News

November 28, 2012  Wed 2:11 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Today's calendar features home sales and mortgage applications, but political uncertainty could trump economic data.

The Mortgage Bankers Association will report applications for home loans at 7 a.m. ET. The number, which isn't tracked by economists, showed a decline of 2.2 percent last week.

October new-home sales follow at 10 a.m. ET and are expected to show an annualized pace of 388,000 units. September's reading was 389,000.

Crude-oil inventories will be reported half an hour later. Last week they fell by 1.5 million barrels. Another decline could drive energy prices higher.

The Federal Reserve will also release its Beige Book report of economic conditions across the country. Most of the data at this point is backward-looking, however, and attention is more likely to focus on the "fiscal cliff" facing the federal government. Announcements of progress could spur buying of equities, while more signs of deadlock could hurt sentiment.
Share this article with your friends


Related Stories

XLF

Financial fund draws large hedge

June 23, 2015

As banks and other financial firms rally again today, a major investor is buying protection with 45,000 puts in the SPDR Financial Fund.

XLF

Cramer: Banks aren't leading us

June 8, 2015

The banks, in general, have no real desire to lend and are fearful of the regulators. They will give loans to people who don't need them; others need not apply.

Invest Like a Monster - San Antonio: October 9-10

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Using synthetic positions vs. actual stock

We now know as absolute fact that a synthetic position is 100% identical to its real position counterpart. It is simply a function of mathematics. So, if they are totally identical then why would a trader ever use the synthetic alternative over the real position?

View more education articles »