Despite the shortened trading week, overall market volatility should remain high this week with the release of various economic data.

On Tuesday, the Federal Reserve Bank of New York releases its Empire State Manufacturing Survey, a monthly survey of manufactures in New York State. On Wednesday, both building-permit and housing-start numbers for the month of January will be announced. Wednesday also sees the release of the minutes Federal Open Market Committee's latest interest rate meeting. On Thursday, we'll get the initial jobless claims number for January and the Producer Price Index, which measures changes in prices received by domestic producers for their output. On Friday, we get the core Consumer Price Index, which measures changes in prices paid by consumers.

Couple all of this with several important earnings announcements and the inherent volatility historically associated with options expiration week, and you could see large intraday swings.

That is why I set up this week's Rocket Stocks portfolio, with the goal of capturing some volatility.

To read more, visit Stockpickr.com.

Who's on Stockpickr Answers next? Every trading day on Stockpickr Answers, investing professionals respond to questions posed by members of the Stockpickr community. This week's pro lineup includes Dan Fitzpatrick and David Peltier. For this week's full schedule, visit Stockpickr.com.

At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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