Planning for next week; here is a preview of upcoming economic news.
I received an email last week from one of our subscribers, who felt it would be helpful for me to publish upcoming economic news for those planning to enter the weekly SPX Iron Condor on Friday. This was a great suggestion, and something I will include in my updates.
If the market cooperates, we are planning to enter an SPX Weekly Iron Condor for the July 29 cycle on Friday. A synopsis of next week's economic news is below:
FOMC Meeting Begins
9:00 am S & P Case Shiller HPI
10:00 am Consumer Confidence
10:00 am New Home Sales
8:30 am Durable Goods Orders
10:00 am Pending Home Sales
10:30 am EIA Petroleum Status Report
2:00 pm FOMC Meeting Announcement
8:30 am International Trade-in Goods
8:30 am Jobless Claims
8:30 am GDP
9:45 am Chicago PMI
10:00 am Consumer Sentiment
As usual, I will be publishing suggested trade entry on Friday, if the market is within the guidelines. For those who trade the SPX Weekly Iron Condor, I will be recommending that the trade be closed regardless of the gain/loss prior to the FOMC meeting announcement on Wednesday afternoon.
As always, stay keen on your risk management and trade carefully,