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December 27, 2013  Fri 3:14 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Natural-gas and crude-oil inventories are the only items on today's agenda.

Gas inventories come out at 10:30 a.m. ET, and oil supplies follow an hour later. Both reports show weekly changes in stockpiles and have the potential to affect prices for the commodities and producing companies.

Next week starts quietly and is interrupted by New Year's Day on Wednesday.

Monday brings pending home sales, and Tuesday's only item is the Case Shiller index of house prices.

Thursday is busier as global manufacturing numbers flow. China announces its purchasing managers index late Wednesday night, and similar European numbers follow early the next day. The Institute for Supply Management releases its key index for the United States later on Thursday.
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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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