Planning for next week; here is a preview of upcoming economic news.
If the market cooperates and is within the trade guidelines, we are planning to enter an SPX Weekly Iron Condor for the January 20 cycle on Friday. For planning purposes, a synopsis of next week's economic news is below:
Markets closed; U.S. Martin Luther King Holiday
8:30 am Empire State Manufacturing Index
8:45 am Fed's William Dudley speaks
8:30 am Consumer Price Index
9:15 am Industrial Production
10:00 am Housing Market Index
2:00 pm Beige Book
8:30 am Housing Starts
8:30 am Jobless Claims
10:30 am EIA Petroleum Status Report
9:00 am US Presidential Inauguration
If the market is within our trade guidelines, I will publish a suggested trade entry Friday morning.
As always, stay keen on your risk management and trade carefully,