OptionsHouse

Options Trading News

February 5, 2013  Tue 12:45 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Services data is the main economic report on the schedule today.

The Institute for Supply Management will release its non-manufacturing index at 10 a.m. ET. Economists expect the reading to decline to 56.1 from 55.6 in the previous month. Higher figures could be interpreted bullishly, while lower ones might trigger selling.

The calendar remains quiet tomorrow but gets more active on Thursday, That's when retailers report January same-store sales, the European Central Bank announces monetary policy, and the Labor Department issues weekly jobless claims.
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 »