Planning for next week; here is a preview of upcoming economic news.
If the market cooperates, we are planning to enter an SPX Weekly Iron Condor for the December 2 cycle on Friday. For planning purposes, a synopsis of next week's economic news is below:
9:00 am ECB President Mario Draghi speaks
7:45 am Fed's Stanley Fischer speaks
8:30 am GDP
9:00 am S & P Case Shiller HPI
9:15 am William Dudley speaks
10:00 am Consumer Confidence
8:00 am Fed's Robert Kaplan speaks
8:15 am ADP Employment Report
8:30 am Fed's Jerome Powell speaks
10:00 am Pending Home Sales
10:30 am EIA Petroleum Status Report
12:35 pm Fed's Loretta Mester speaks
2:00 pm Beige Book
8:00 pm China PMI Manufacturing Index
8:30 am Jobless Claims
8:30 am Fed's Loretta Mester speaks
10:00 am ISM Manufacturing Index
10:00 am Construction Spending
8:30 am Monthly Employment Situation Report
12:30 pm Fed's Daniel Tarullo speaks
As usual, I will be publishing suggested trade entry on Friday, if the market is within the guidelines.
Once again, the Thanksgiving Holiday is almost here in America.
Tomorrow is a day that we can take a break from our hectic schedules to spend time with family and friends, being grateful for all those wonderful things in life that come our way.
We are all so busy in our daily lives that we sometimes don't take the time to reflect on what is most important to us; Thanksgiving gives that opportunity to count all our blessings.
I appreciate all of your support of the Option Investor newsletters; and once again wish you all a Happy Thanksgiving.
As always, stay keen on your risk management and trade carefully,